General Electric Acquires ServiceMax for $915,000,000

  • Feed Type
  • Date
    11/15/2016
  • Company Name
    ServiceMax
  • Mailing Address
    3875 Hopyard Rd. Pleasanton, CA 94588 USA
  • Company Description
    ServiceMax is the complete field service software solution helping companies of all sizes manage contracts, scheduling, and parts, while also providing solutions for social, portals, and analytics — all delivered in the cloud to any mobile device.
  • Website
    http://www.servicemax.com
  • Transaction Type
    M&A
  • Transaction Amount
    $915,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The acquisition provides GE Digital with enhanced capabilities to advance its Industrial Internet vision, enabling customers to immediately gain more value from their assets and find greater efficiency in their field service processes. Additional financial terms were not disclosed.

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