backATLANTA, Nov. 15, 2016 – King & Spalding, LLP served as legal counsel for GE Digital in its purchase of privately held cloud-based field service management company ServiceMax for $915 million.
The acquisition of ServiceMax is expected to close in January, subject to customary closing conditions, including receipt of applicable regulatory approvals, according to GE. More details can be found here.
The King & Spalding team advising GE Digital was led by corporate partners Rahul Patel (Atlanta), Matt Stewart (Silicon Valley), Matthew Jacobson (New York), and included corporate senior associate Mike Miller (Charlotte), and corporate associates Stacy Grant (Charlotte) and Jullia Park (Silicon Valley). Additional assistance was provided by partners Ken Raskin and Cheryl Sabnis (Employee Benefits and Executive Compensation), Scott Petty and Emma Maconick (Intellectual Property), Christine Savage (Export Controls, FCPA), and John Sweet (Tax); counsel Donna Edwards and Ellen Sueda (Employee Benefits and Executive Compensation), and Scott Mario (Labor and Employment); and associates Betere Gizaw (Export Controls, FCPA), Ellenor Stone (Labor and Employment), Courtney Byrne (Corporate) and Greg Lucas (Tax).
Based in Silicon Valley, GE Digital was established in 2015 to connect streams of machine data to powerful analytics and people by leveraging Predix, GE Digital’s cloud-based operating system purpose built for the unique needs of industry.
About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with more than 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.