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Ge's Digital Unit To Sell Majority Stake In Servicemax

by moneycontrol.com posted 3months ago 19 views
GE will retain a 10 percent equity in ServiceMax, a business it acquired for $915 million in 2016.: General Electric Co on Thursday said its digital unit would sell a majority stake in ServiceMax, a cloud-based provider of software used in inventory and workforce management, to technology-focused private equity firm Silver Lake. GE will retain a 10 percent equity in ServiceMax, a business it acquired for $915 million in 2016. Financial terms of the deal were not disclosed and the companies expect to close the transaction in early 2019.

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