The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, on May 12, 2017. REUTERS/Daniel Becerril
(Reuters) – General Electric Co on Thursday said its digital unit would sell a majority stake in ServiceMax, a cloud-based provider of software used in inventory and workforce management, to technology-focused private equity firm Silver Lake.
GE will retain a 10 percent equity in ServiceMax, a business it acquired for $915 million in 2016. (reut.rs/2PAJ2Gh)
Reporting by Rachit Vats in Bengaluru; Editing by Shounak Dasgupta
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