GE Buys Software Company to Bolster Rail-Industry Supply ChainBy
General Electric Co. agreed to buy ShipXpress Inc., a cloud-based software firm, to bolster its supply-chain offerings for railroad customers.
The deal will complement GE’s sensor technology and Predix operating system to improve shippers’ ability to move goods and transfer information, GE Transportation said Tuesday in a statement. Terms weren’t disclosed.
“We are very focused on helping better integrate and streamline the broader rail supply chain,” Seth Bodnar, chief digital officer of GE Transportation, said in a telephone interview. ShipXpress’s capabilities are “really about helping global railways more efficiently and effectively interface with industrial companies that ship goods via rail.”
GE is hunting for deals to strengthen its growing software business as the company attempts to marry digital capabilities with heavy-duty machinery. The Boston-based company has shed most of its finance and consumer operations in favor of manufacturing industrial products such as gas turbines and locomotives.
The ShipXpress deal includes about 200 industry, technical and software development professionals, GE said.