# GE buys ServiceMax for $915 million

General Electric's software unit acquired ServiceMax, a cloud-based provider of field service management software, for $915 million as part of GE Digital's Industrial Internet strategy.

- Type: Acquisition
- Announced: 2016-11-15
- Where: United States
- Value: $915.0M
- Status: completed
- Products: cloud-based field service management software
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (acquirer)
- [ServiceMax](https://endata.com/companies/20072.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/world/americas/ge-buys-software-company-servicemax-for-915-million-idUSKBN13927Q/), 2016-11-15: "General Electric Co said its software unit bought ServiceMax, a cloud-based provider of software used in inventory and workforce management, for $915 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.