TPG Set to Purchase GE Vernova’s Proficy Software Division for $600M
Texas Pacific Group (TPG) announced on September 11, 2025, that it will acquire GE Vernova’s Proficy Software business for $600 million. This acquisition signifies a strategic move into the industrial software sector.
The Proficy platform is a comprehensive suite of industrial software solutions. It is widely used by manufacturers worldwide for operations management, data analytics, and digital transformation initiatives. The acquisition aligns perfectly with TPG’s strategy of investing in technology companies that serve critical industrial sectors.
GE Vernova, an energy-focused spinoff from General Electric, is divesting the software business to concentrate on its core energy infrastructure operations. This deal underscores the escalating value of industrial IoT and manufacturing software platforms. Companies are increasingly seeking to optimize their operations through digital technologies.
Industry experts predict this transaction will:
- Accelerate Proficy’s development
- Expand its market reach under TPG’s ownership
Source: Intellizence