GE’s Measurement & Control business announced a minority equity investment in Meridium.
The companies will enter into a joint development and distribution agreement that will integrate Meridium’s asset performance management (APM) software and GE’s Bently Nevada System 1 Asset Condition Monitoring (ACM) technology.
“Working with GE across mutual clients over many years taught us that together we could produce additional significant tangible value through collaboration and interfaces,” said Bonz Hart, Meridium Founder and CEO. "GE’s Bently Nevada operates in a multi-OEM and multi-system world, as does Meridium, so we’re also tightly aligned on strategy.”
Meridium’s APM aggregates data from System 1 and other plant maintenance systems to provide plant engineers with a dashboard of reliability metrics.This new Industrial Internet software offering will enable condition-based maintenance with pinpoint precision, in near real-time, resulting in an estimated 10-30% in maintenance cost reduction
Subscribe
