PTC has announced it has signed a definitive agreement to acquire ServiceMax for approximately $1.46 billion in cash on a debt-free, cash-free basis from an entity majority owned by Silver Lake.
ServiceMax is a recognised leader in cloud-native, product-centric field service management (FSM) software, with the acquisition expected to strengthen PTC’s closed-loop product lifecycle management (PLM) offerings by extending the digital thread of product information into downstream enterprise asset management (EAM) and FSM capabilities. Subject to the satisfaction of regulatory approval and other applicable closing conditions,…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
