We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
GE Digital Acquires Meridium to Boost Industrial Internet
Read MoreHide Full Article
GE Digital, an integral part of General Electric Company (GE - Free Report) , recently acquired Meridium, Inc., a global leader in asset performance management (APM) software and services for asset-intensive industries. The transaction marks a logical extension to its long-standing relationship with Meridium since Jul 2014, wherein it acquired a 26% ownership stake in it. The total acquisition, including the original investment, was worth an enterprise value of $495 million.
Meridium combines real-time analytics with reliability-centered maintenance services to offer an integrated APM solution for its clients. The acquisition will facilitate GE Digital to augment its comprehensive APM offering by leveraging Meridium’s expertise in cognitive analytics, reliability centered maintenance, operational risk management and asset health, as well as intelligent asset strategies.
On its part, GE Digital will utilize its Predix platform along with Meridium’s enterprise software solutions to improve the APM offering through advanced asset-centric analytics, industrial software and value-added services. This, in turn, will enable it to boost the Industrial Internet for asset-centric industries – such as oil & gas, power and chemicals, in order to maximize the availability of their industrial assets at lower operational costs and risks.
The Predix software of General Electric is designed to add intelligence to the Internet of Things applications. It helps companies to connect their machines, data and people and run industrial-scale analytics. Combining machine connectivity with a data lifecycle management platform powered by engineering simulation will help diverse firms to design their products for the Industrial Internet in an optimum manner.
Jeffrey Immelt, the CEO of the company, stated, “So when I talk about the ‘Industrial Internet,’ it's about capturing data off of machines, turning it back into valuable insight for our customers and that's going to be worth trillions of dollars in the economy, and I think it’s going to transform GE.”
The acquisition will also help Meridium’s customers to gain easy access to General Electric’s deep domain expertise in real-time data management and advanced industrial analytics for an informed decision-making process. The transaction, therefore, is a win-win for both the participating companies.
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
GE Digital Acquires Meridium to Boost Industrial Internet
GE Digital, an integral part of General Electric Company (GE - Free Report) , recently acquired Meridium, Inc., a global leader in asset performance management (APM) software and services for asset-intensive industries. The transaction marks a logical extension to its long-standing relationship with Meridium since Jul 2014, wherein it acquired a 26% ownership stake in it. The total acquisition, including the original investment, was worth an enterprise value of $495 million.
Meridium combines real-time analytics with reliability-centered maintenance services to offer an integrated APM solution for its clients. The acquisition will facilitate GE Digital to augment its comprehensive APM offering by leveraging Meridium’s expertise in cognitive analytics, reliability centered maintenance, operational risk management and asset health, as well as intelligent asset strategies.
On its part, GE Digital will utilize its Predix platform along with Meridium’s enterprise software solutions to improve the APM offering through advanced asset-centric analytics, industrial software and value-added services. This, in turn, will enable it to boost the Industrial Internet for asset-centric industries – such as oil & gas, power and chemicals, in order to maximize the availability of their industrial assets at lower operational costs and risks.
GENL ELECTRIC Price
GENL ELECTRIC Price | GENL ELECTRIC Quote
The Predix software of General Electric is designed to add intelligence to the Internet of Things applications. It helps companies to connect their machines, data and people and run industrial-scale analytics. Combining machine connectivity with a data lifecycle management platform powered by engineering simulation will help diverse firms to design their products for the Industrial Internet in an optimum manner.
Jeffrey Immelt, the CEO of the company, stated, “So when I talk about the ‘Industrial Internet,’ it's about capturing data off of machines, turning it back into valuable insight for our customers and that's going to be worth trillions of dollars in the economy, and I think it’s going to transform GE.”
The acquisition will also help Meridium’s customers to gain easy access to General Electric’s deep domain expertise in real-time data management and advanced industrial analytics for an informed decision-making process. The transaction, therefore, is a win-win for both the participating companies.
General Electric currently carries a Zacks Rank #2 (Buy). Some other favorably ranked stocks in the industry include CLARCOR Inc. , Crane Co. (CR - Free Report) and Barloworld Ltd. (BRRAY - Free Report) , each carrying the same Zacks Rank as General Electric. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>