GE Vernova to Sell Proficy Software Business to TPG for $600m, TPG to Invest in Software Solutions

GE Vernova is selling its Proficy manufacturing software business to TPG for $600m. The deal may yield further proceeds based on future outcomes and conditions. Proficy will become a standalone entity focused on software solutions for industrial operations. The transaction is expected to close in H1 2026. GE Vernova will maintain a board observer seat post-transaction.

GE Vernova (GEV) has announced the signing of a binding agreement to sell its Proficy manufacturing software business to private equity firm TPG for $600 million. The deal, which is subject to regulatory approval and customary closing conditions, is expected to close in the first half of 2026 TPG to acquire GE Vernova’s Proficy software business for $600M^[1].

Proficy, which currently represents approximately 20% of GE Vernova's electrification software revenues, will become a standalone entity under TPG's ownership. The software portfolio includes cloud-based and on-prem HMI/SCADA, MES, industrial data management, and analytics, catering to more than 20,000 customers across industrial and infrastructure sectors TPG to acquire GE Vernova’s Proficy software business for $600M^[1].

The transaction is part of GE Vernova's strategy to focus on its core energy and infrastructure businesses. The company expects to reinvest the proceeds from the sale into priority areas such as electrification and supply chain improvements TPG to Acquire GE Vernova’s Proficy Software Business for $600M, Closing by 2026^[2]. GE Vernova will retain a board observer seat post-transaction, allowing it to maintain some oversight over the business.

The deal follows a mixed investor response, with GE Vernova's stock experiencing a temporary pullback after the announcement but remaining up significantly over the past year. The stock is currently trading at $651, up 91% year-to-date and almost 193% in the past 12 months TPG to Acquire GE Vernova’s Proficy Software Business for $600M, Closing by 2026^[2].

TPG plans to invest through its U.S. and European private equity platform, TPG Capital, to strengthen Proficy’s offerings and expand its software solutions for manufacturing operations. The acquisition will provide TPG with access to a robust software platform with growth prospects in a market driven by electrification and digitalization trends TPG to acquire GE Vernova’s Proficy software business for $600M^[1].