GE Vernova has entered into an agreement with TPG, a global alternative asset management firm, for the sale of its Proficy® manufacturing software business in a transaction valued at $600 million. The deal may include additional future payments depending on performance and agreed conditions. TPG will make the investment through its private equity platform, TPG Capital.

Establishing a Standalone Industrial Software Leader

Following the transaction, Proficy is expected to operate as an independent software company focused on industrial technology solutions. Serving more than 20,000 customers worldwide, the platform supports organizations in managing operational complexity, improving efficiency, and enhancing connectivity across manufacturing and infrastructure environments.

The Proficy portfolio addresses a wide spectrum of industrial use cases, including discrete, process, and hybrid manufacturing, as well as transportation and infrastructure systems. Its integrated solutions span both cloud-based and on-premise deployments, covering HMI/SCADA systems, manufacturing execution systems (MES), industrial data platforms, and advanced analytics. These capabilities enable seamless integration from individual equipment to full enterprise-level operations.

With TPG’s backing, Proficy is expected to accelerate product development and expand its capabilities, particularly in response to growing demand for digital transformation and AI-driven industrial optimization.

Strategic Focus for GE Vernova

The divestment allows GE Vernova to sharpen its focus on core energy-related software and infrastructure. The company will retain its Electrification Software segment, which is dedicated to solutions that support grid modernization, electrification, and decarbonization.

A key priority remains the development of GridOS®, GE Vernova’s enterprise platform for grid orchestration, which integrates software and artificial intelligence to optimize power system operations. The company has also been strengthening this direction through acquisitions, including AI and computer vision capabilities.

Leadership Perspective

GE Vernova CEO Scott Strazik emphasized that the transaction positions Proficy for independent growth while enabling GE Vernova to reinvest in strategic priorities. He noted that the software portfolio plays a critical role in supporting industrial customers globally and expressed confidence in TPG’s ability to scale the business further.

From TPG’s perspective, the investment aligns with broader trends in manufacturing, where companies are increasingly focused on improving productivity, optimizing processes, and augmenting workforce capabilities through digital tools. Proficy’s integrated and increasingly AI-enabled solutions are seen as well positioned to support this shift.

Transaction Details and Timeline

Upon closing, TPG will assume ownership and operational control of the Proficy business, while GE Vernova will retain a board observer role. The transaction remains subject to regulatory approvals, employee consultations, and other customary conditions, with completion anticipated in the first half of 2026.

Advisory support for the deal includes Evercore and Morgan Stanley for GE Vernova, while Centerview Partners and William Blair are advising TPG.

About TPG

Founded in 1992 and headquartered in San Francisco, TPG manages approximately $261 billion in assets. The firm invests across multiple strategies, including private equity, credit, real estate, and impact investing, combining sector expertise with operational capabilities to drive value creation across its portfolio.

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