Reported about 13 hours ago
GE Vernova has announced the sale of its Proficy industrial software unit to TPG for $600 million, with plans to reinvest the proceeds into grid software development. Proficy contributes approximately 20% to GE Vernova's electrification software revenue. The deal is expected to close in the first half of 2026, and further investments in the company’s software portfolio are anticipated. GE Vernova aims to enhance its operations while responding to rising costs and global electricity demand.
Source: YAHOO