GE Transportation acquires software provider
GE Transportation, an international producer of rail and
transportation-related products and offerings, announced its acquisition
of ShipXpress, a provider of cloud-based software solutions that enable
transportation, industrial, and commodities businesses to efficiently
operate with supply chain partners.
The deal extends GE Transportation’s portfolio of solutions into the
logistics value chain, giving it new offerings for shippers, and
expanding its ability to deliver information and transaction services
for railroad customers around the world. This acquisition also deepens
GE Transportation’s domain expertise, enriching the division with a
talent pool of nearly 200 industry, technical, and software development
experts.
“By combining ShipXpress’ innovative software products with GE’s
sensing technology and industrial-strength platform Predix, we’ll
deliver the industry’s most advanced, scalable cloud-based solution,”
said GE Transportation President and CEO Jamie Miller. |