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GE's digital unit to sell majority stake in ServiceMax

December 13, 2018 1:26 PM
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(Reuters) - General Electric Co (GE.N) 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)

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