TPG to acquire Proficy software business from GE Vernova for $600m.

TPG, a private equity firm, agreed to acquire Proficy software business from GE Vernova, an energy equipment manufacturing and services company, for $600m. “The Proficy portfolio provides critical tools for manufacturing and production customers around the world, and I’m confident that TPG will help this important business continue to grow and meet the expanding needs of the industry. GE Vernova remains focused on delivering solutions to help customers electrify and decarbonize the energy ecosystem, including growing GridOS®, our enterprise software and AI platform for grid orchestration. We recently expanded GridOS through our acquisition of Alteia, an AI computer vision and machine learning company, as we continue to position that business for the future,” Scott Strazik, GE Vernova CEO.