GE Vernova completes sale of Proficy(R) software business to TPG
United States, March 3 -- GE Vernova Inc. announced the completion of the previously announced acquisition of GE Vernova's Proficy(R) 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 an...
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