Excerpt from Vancouver Sun - The architects of B.C. Hydro’s Grid Director smart meter analytics platform already have 100 employees, a figure that is expected to grow as Bit Stew gains access to GE Digital’s global industrial customer base.The deal is worth $207.5 million, according to documents filed with the Supreme Court of British Columbia.The Bit Stew deal is one of the biggest tech acquisitions in Western Canada in a decade, but it was not GE’s only purchase of the week. General Electric’s digital arm also spent more than $1 billion on another IIoT player, ServiceMax, which specializes in cloud-based inventory management and analytic tools for field technicians.Read moreAuthor: Vancouver Sun
