GE buys ServiceMax for $915M to boost its IoT power
General Electric’s US$915 million acquisition of field service management company ServiceMax on Monday should help enterprises combine what GE does for industrial products and assets with more tools for those who work on them.
GE Digital, the division that’s buying ServiceMax, sells software and services for connecting industrial assets and products in the field, then collecting and analyzing data about them. ServiceMax has a cloud-based platform for tasks like scheduling maintenance calls and making sure the right technician is on each job with the right part.
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