GE Buys $500 Million Machine Analytics Firm
by Tomas Kellner, GE Reports
Thu, 09/15/2016 – 2:33pm
Since GE started building its digital business five years ago, it has pursued organic growth, combining a century of domain expertise in building big machines with asset management software and advanced industrial analytics. But the company also has been willing to buy growth when the right opportunity comes along.
Today, GE Digital, the company’s software arm, said it acquired Meridium, Inc., a leading developer of asset performance management (APM) software for machine heavy industries such as oil, gas, electricity and chemicals. The deal values Meridium, based in Roanoke, Virginia, at $495 million.
For the rest of the story visit Manufacturing.net.
House Approves Changes in Workforce Education Funding
IW Staff | IndustryWeek
Sep 14, 2016
A bill intended to streamline and add flexibility to the way federal funds for apprenticeships and other workforce training programs are distributed passed the U.S. House of Representatives on Tuesday.
If the bill succeeds, the amount of federal workforce funding under the Perkins Career and Technical Education Act would not significantly change:$1.13 billion in 2017, increasing incrementally to $1.21 billion by 2022. But the Perkins funding formula will.
For the rest of the story visit IndustryWeek.
Commerce Secretary Canfield: Trends Show Alabama is Poised for Gains as Economy Transforms
By Greg Canfield, Secretary, Alabama Department of Commerce
Wednesday, 14 September 2016
Alabama is coming off a year for the record books, with pivotal developments setting the stage for long-term economic growth and fueling meaningful job-creation across the state.
Consider these facts:
- Alabama’s auto industry has been hitting impressive new milestones as key players – Mercedes-Benz, Honda, Hyundai and Toyota – increase output, jobs and investment in the state.
For the rest of the story visit Expansion Solutions Magazine.