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The transaction establishes Proficy as an independent industrial software company serving manufacturing and infrastructure customers.
GE Vernova announced the completion of the previously announced acquisition of GE Vernova’s Proficy software business by TPG, a 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 integrated software portfolio includes:
Cloud-based and on-premise HMI/SCADA systems.
Manufacturing execution systems (MES) and Historians.
Industrial data management platforms.
Industrial analytics capabilities.
Advanced production scheduling.
These solutions provide architectural flexibility spanning equipment, production lines, plants, and enterprise-level operations.
With the completion of the transaction, TPG now owns and controls the Proficy business. The move positions Proficy to operate independently while continuing to support its existing customer base across industrial and infrastructure sectors.
GE Vernova will continue focusing on software solutions that support the electrification and decarbonization of the energy ecosystem. Its portfolio includes GridOS, an enterprise software and artificial intelligence platform designed for grid orchestration and energy system management.
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