TPG Capital has reached a deal to buy the Proficy manufacturing software division from GE Vernova for $600 million. Proficy will become a standalone company focused entirely on serving industrial clients with software tools that streamline production, boost efficiency, and connect operations from the factory floor up to enterprise management systems. Along with the upfront purchase price, GE Vernova may realize further proceeds tied to Proficy’s performance after the transaction closes.
Proficy’s product suite includes both cloud-based and on-premises solutions for human-machine interfaces (HMI), supervisory control and data acquisition (SCADA), manufacturing execution systems (MES), industrial data management, and analytics. These offerings enable manufacturers, transit operators, and infrastructure providers to monitor equipment, coordinate complex workflows, and turn raw data into actionable insights. Roughly one in five dollars of GE Vernova’s electrification software revenue currently comes from Proficy products.
Under TPG’s ownership, Proficy will also gain dedicated resources and investment aimed at accelerating its development roadmap. The key priorities include expanding artificial intelligence capabilities, enhancing cloud integration, and broadening the customer base across discrete, process, and hybrid production environments. By operating independently, Proficy will be able to move more rapidly on product innovation and forge partnerships that extend its reach into new markets.
GE Vernova will retain a board observer role, ensuring continuity and strategic alignment as Proficy transitions to its new ownership. This structure also allows GE Vernova to direct proceeds from the sale into its core mission of electrification and decarbonization, with a particular focus on GridOS, its AI-driven software platform for managing electric grids and integrating renewable energy sources.
TPG brings deep experience in carving out and scaling software businesses. Its portfolio includes previous investments in companies such as Boomi, McAfee, and Wind River, all of which were positioned for growth through dedicated capital and operational support. In this transaction, TPG will leverage those same capabilities to help Proficy evolve into a market leader that can address the growing demand for connected, data-driven manufacturing solutions.
The deal remains subject to customary regulatory clearances and consultations with Proficy’s workforce. Upon receiving approvals, the transaction is expected to close in the first half of 2026. Evercore and Morgan Stanley are advising GE Vernova, while Centerview Partners and William Blair are serving as financial advisors to TPG.
After the sale is complete, Proficy will operate as a stand-alone company under TPG’s oversight. It will continue to serve its base of more than 20,000 customers worldwide, while enhancing product capabilities and pursuing new avenues for growth across the manufacturing and infrastructure sectors. This carve-out underscores TPG’s commitment to nurturing technology businesses spun out of larger industrial organizations and helping them thrive as independent innovators.
Advisors: Evercore and Morgan Stanley are serving as financial advisors to GE Vernova. Centerview Partners is serving as lead financial advisor to TPG, and William Blair is also serving as financial advisor to TPG.
KEY QUOTES:
“We are excited to reach this agreement with TPG to position the Proficy business for independent success, while also generating significant proceeds for GE Vernova to reinvest in our core businesses. 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, CEO of GE Vernova
“Manufacturing is undergoing a renaissance driven by customers’ need to increase throughput, optimize operations, and augment workforces. Proficy’s mission-critical, integrated, and increasingly AI-enabled solutions are leading the way, enabling customers to run, monitor, and improve the production process. We are excited to partner with GE Vernova and Proficy’s leadership team to accelerate growth and power customers’ digital evolutions.”
Art Heidrich, Partner at TPG
