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GE Vernova announced an agreement to sell its Proficy manufacturing software business to private equity firm TPG for $600 million. The deal will allow TPG to own and operate Proficy as a standalone software company while GE Vernova retains a board observer seat.
Proficy currently represents about 20% of GE Vernova’s electrification software revenues. These revenues more than doubled to $332 million in the second quarter of 2025 compared to the same period last year. Depending on certain outcomes after the transaction closes, the company expects to receive additional proceeds from the sale.
The divestiture forms part of GE Vernova’s plan to concentrate on its core energy and infrastructure businesses. CEO Scott Strazik said the deal will generate significant proceeds that can be reinvested into priority areas such as electrification and supply chain improvements.
GE Vernova shares fell over 2% early in the day after the announcement; however, the stock is still up 91% this year and almost 193% in the past 12 months. In premarket trade, the stocks would temporarily increase 1.2% to $651 and then pull back.
Stocktwit data indicates that the number of retail messages posted over the past 24 hours grew by 79% on the company. Sentiment did not in any way change in a bearish market, regardless of the volume of messages, and it portrays a mixed investor response to the transaction.
The Proficy business supports more than 20,000 customers across industrial and infrastructure sectors. TPG said it will invest through its US and European private equity platform, TPG Capital, to strengthen Proficy’s offerings and expand its software solutions for manufacturing operations.
The deal should be finalized within the first half of 2026, as long as the regulators and other customary requirements are met. Upon completion, TPG will operate the business, with GE Vernova having less significant control over it in the form of an observer seat.
Tariffs and inflation will increase GE Vernova's operating expenses by $300 to $400 million in 2025. The company is also seeking cost penalties in the form of prices and investment in the efficiency of its supply chain. It has also previously declared that it would invest $600 million in US factories to fulfill the global electricity demand.
Selling Proficy software, GE Vernova aims to streamline business and invest back in its core energy portfolio. In the case of TPG, the acquisition will give access to an established software platform with good industrial uses and growth prospects in a market being propelled by electrification and digitalization trends.
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