TPG has announced its intent to acquire GE Vernova’s Proficy® Software business for $600 million, positioning Proficy as an independent leader in the manufacturing software sector.

Target Information

GE Vernova's Proficy® Software business, a significant player in the manufacturing software sector, is set to be acquired by TPG for $600 million. Proficy specializes in providing integrated software solutions designed to address complex challenges in manufacturing and infrastructure across diverse industries. With an extensive customer base exceeding 20,000 clients, Proficy's offerings include cloud-based and on-premises systems that facilitate operational efficiency, data management, and effective analytics.

Currently making up about 20% of GE Vernova’s Electrification Software revenues, Proficy combines various industrial applications, including discrete, process, and hybrid manufacturing, as well as solutions for metro transit and other infrastructure. Its deep technology portfolio enhances production monitoring and operational improvements through enhanced connectivity and efficiency.

Industry Overview

The manufacturing software industry is experiencing transformative changes shaped by increasing automation, data analytics, and the adoption of AI technologies. In the United States, firms are recognizing the need to streamline operations and