GE Vernova has entered into a binding agreement to divest its Proficy manufacturing software business to alternative asset management company TPG for $600m. The deal may also yield further proceeds for GE Vernova based on future outcomes and conditions. TPG plans to invest in Proficy through its US and European private equity platform, TPG Capital. Proficy, which currently accounts for about 20% of GE Vernova's Electrification Software revenues, will become a standalone entity focused on software soluti ...

(Reuters) - U.S. power equipment maker GE Vernova said on Thursday it agreed to sell Proficy, its industrial software business, to asset management firm TPG for $600 million as part of cost-cutting measures. Shares of the company rose 1.2% to $651 in premarket trade. Proficy currently accounts for about 20% of GE Vernova’s electrification software revenue, which more than doubled to $332 million in the second quarter from a year ago. In April, GE Vernova said on its first-quarter call it expects a $300 ...

公司战略调整 - 公司GE Vernova同意以6亿美元价格出售旗下工业软件业务Proficy予资产管理公司TPG [1] - 此次出售属于公司成本削减措施的一部分 [1] 交易信息 - 交易金额为6亿美元 [1] - 交易对手方为资产管理公司TPG [1] - 交易标的为工业软件业务Proficy [1]