Asset performance management company acquired

GE Digital (NYSE: GE) has acquired Meridium, Inc., which specializes in asset performance management (APM) software, as the company looks to enhance their real-time analytics and reliability-centered maintenance best practices.

09/22/2016


GE Digital (NYSE: GE) has acquired Meridium, Inc., which specializes in asset performance management (APM) software and services for asset-intensive industries. This acquisition is intended to help GE Digital accelerate its APM offering and provide customers with real-time analytics with reliability-centered maintenance best practices. Meridium customers will gain access to GE’s real-time data management and advanced industrial analytics. In July 2014, GE made an initial investment in Meridium for a 26% stake in the company. The total acquisition, inclusive of the original investment, was executed for an enterprise value of $495 million.

Leveraging the Predix platform, GE’s APM offering helps deliver on the promise of the Industrial Internet by enabling industrial companies to maximize the reliability and availability of their industrial assets, while minimizing operational cost and risk. The addition of Meridium’s enterprise software solutions brings additional capabilities and processes focused on asset-centric industries such as oil and gas, power, and chemicals. The combination of the companies’ technologies helps strengthen the connection between real-time asset performance and reliability-centered maintenance strategies and work processes.

GE Digital

www.ge.com/digital 

- Edited from a GE Digital press release by CFE Media. See more Control Engineering diagnostic and asset management stories.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me