GE Digital Acquires Meridium, Inc.
September 14, 2016
GE Digital acquired Meridium, Inc., a global provider of asset performance management (APM) software and services, in a deal that completed in September 2016. The acquisition (inclusive of GE’s prior 26% stake) was executed at an enterprise value of $495 million to integrate Meridium’s APM capabilities into GE’s Predix platform and accelerate GE Digital’s industrial analytics and reliability offerings.
- Buyers
- GE Digital
- Targets
- Meridium, Inc.
- Industry
- Software
- Location
- Virginia, United States
- Transaction Type
- Buyout
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