GE Digital LLC agreed to acquire ServiceMax, Inc. for approximately $920 million on November 14, 2016. The transaction is subject to the regulatory approvals and customary closing conditions. The acquisition of ServiceMax is expected to close in January, 2017. Morgan Stanley acted as the financial advisor and Gundersen Dettmer LLP acted as legal advisor to ServiceMax and King & Spalding LLP acted as legal advisor to GE Digital.

GE Digital LLC completed the acquisition of ServiceMax, Inc. on January 10, 2017.