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ServiceMax has agreed to merge with a specialist acquisition company in a deal that will make the maker of software for field technicians public, company officials said.
The software company, whose current owners include private equity firm Silver Lake, General Electric Co. GE,
and the venture capital arm of enterprise software giant Salesforce.com CRM,
– will merge with Pathfinder Acquisition Corp. PFDR,
in a deal that values ServiceMax at around $ 1.4 billion. The companies plan to disclose the transaction later Thursday.
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