GE reportedly acquires Serviscope

September 30, 1998

A trade association of independent service organizations is claiming that GE Medical Systems of Milwaukee has acquired equipment maintenance firm Serviscope of Wallingford, CT. The group believes that the acquisition represents one more blow to

A trade association of independent service organizations is claiming that GE Medical Systems of Milwaukee has acquired equipment maintenance firm Serviscope of Wallingford, CT. The group believes that the acquisition represents one more blow to competition in the equipment maintenance market.

The likelihood of a GE/Serviscope deal was raised in public comment documents filed by the Independent Service Network International of Atlanta regarding GE’s acquisition of another ISO, InnoServ Technologies of Arlington, TX. In the documents, ISNI officials state that Serviscope executives told the ISNI that GE acquired their firm in late August. Serviscope is a member of ISNI.

If the acquisition did occur, it would represent another step in the consolidation of the ISO market by removing one of the few companies remaining that is able to offer multivendor service. Representatives from Serviscope and GE were unavailable for comment as of press time.

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