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GE Vernova to sell Proficy to TPG for $600 million, shifts focus to grid software

Workers of GE Vernova in France in its offshore wind sector, in Nantes, France, October 17, 2024. REUTERS/Stephane Mahe/File Photo Purchase Licensing Rights, opens new tabCompaniesSept 11 (Reuters) - GE Vernova (GEV.N), opens new tab said on Thursday it will sell its Proficy industrial software unit to private equity firm TPG for $600 million and reinvest the proceeds in grid software.Proficy, which accounts for about 20% of GE Vernova’s electrification software revenue, helps manufacturers mo...

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