CAMBRIDGE, Mass. – GE Vernova Inc. announced the completion of the previously announced acquisition of GE Vernova’s Proficy® software business (“Proficy”) by TPG, a leading global alternative asset management firm, for $600 million.
The transaction establishes Proficy as an independent software business serving more than 20,000 customers across discrete, process, and hybrid manufacturing, as well as metro transit and other infrastructure applications. Proficy’s fully integrated solutions include cloud-based and on-premises HMI/SCADA, MES, industrial data management, and analytics, offering architectural flexibility from equipment to the production line, plant, and full enterprise.
With the close of this transaction, TPG now owns and controls the Proficy business. GE Vernova remains focused on delivering its software solutions that help customers electrify and decarbonize the energy ecosystem, anchored by GridOS®, its enterprise software and AI platform for grid orchestration.
More information can be found here.