GE invests minority equity in Meridium
GE’s Measurement & Control business announced a minority equity investment in Meridium. The companies intend to 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.
GE’s System 1 ACM technology is part of the Bently Nevada product line that is designed to produce machine condition sensors, data acquisition hardware and software. Meridium’s APM aggregates data from System 1 and other plant maintenance systems to provide plant engineers with a dashboard of reliability metrics. The combination of ACM and APM is made to allow customers to derive more value from big data through contextually relevant insight into asset performance and plant operations. By connecting sensors to maintenance management systems, customers also should be able to gain the ability to better manage their reliability strategy and operational risk.
The investment aligns closely with GE’s focus on leading the Industrial Internet by connecting intelligent machines, advanced analytics and people at work.