Today, GE Digital, the company’s software arm, said it acquired Meridium, Inc., a leading developer of asset performance management (APM) software for machine-heavy industries such as oil, gas, electricity and chemicals. The deal values Meridium, based in Roanoke, Virginia, at $495 million.
GE first invested in Meridium in 2014, buying a quarter of the company. Today it purchased the remaining stake. “As we forge ahead in the Industrial Internet journey, APM is clearly the first application that can leverage the Predix platform to help industrial customers benefit from increased productivity,” said Bill Ruh, CEO of GE Digital. ... "