(Reuters) - GE Vernova 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 ...
(This Sept 11 story has been corrected to show that $7.55 billion is the revenue for the electrification segment, not the electrification software business, in paragraph 2) By Sumit Saha and Vallari ...
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GE Vernova To Sell Proficy Software Unit To TPG For $600M
GE Vernova (GEV) and TPG announced on Thursday that the global alternative asset management firm will acquire GE Vernova’s Proficy manufacturing software business for $600 million. GE Vernova may ...
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