Proficy Steps Out On Its Own With TPG Acquisition From GE Vernova

Asset management firm TPG has announced plans to acquire GE Vernova’s Proficy software business for $600 million, with closing expected in the first half of 2026. The transaction will carve Proficy out as an independent organization with its own leadership and resources. For GE Vernova, the decision highlights a wider trend in industrial software: focusing investment on core markets where firms can build structural advantage, while divesting businesses that require a different scale of attention to grow.

The Proficy portfolio covers several critical categories of operational technology software. Its capabilities span HMI/SCADA, manufacturing execution systems (MES), industrial data management and analytics, offered both on premise and in the cloud. Proficy’s MES platform plays a vital role in digitizing core production workflows, acting as a bridge between automation on the shop floor and enterprise planning systems, and enabling manufacturers to track production in real time. The suite is designed to scale from equipment-level visibility through plant-wide operations and enterprise integration. It is deployed across discrete, process and hybrid manufacturing sectors as well as infrastructure environments such as metro transit. Recent product enhancements have emphasized AI features to improve efficiency and augment decision-making.

GE Vernova is prioritizing asset management, electrification and decarbonization solutions, which places Proficy outside its long-term focus. Investment is being directed toward its GridOS platform, an enterprise software and AI toolset designed to orchestrate increasingly complex, distributed grids. The acquisition of Alteia earlier this year added computer vision and machine learning capabilities to GridOS, further underlining this shift. The divestiture of Proficy generates proceeds that can be reinvested toward these priorities, sharpening GE Vernova’s profile as an energy transition software provider.

For TPG, Proficy represents a familiar opportunity. The firm has built expertise in acquiring corporate carve-outs with established customer bases and strong technology foundations that require greater focus to scale. Recent examples include the acquisition of Irth Solutions, which provides software for energy and infrastructure operators, and of SLK Software by Altimetrik – in which TPG has a majority stake – to expand digital engineering and analytics capabilities. Proficy’s MES offering in particular gives TPG a solid base of recurring revenues in a market where customers demand integration with both automation and enterprise platforms. As an independent business, Proficy will gain targeted investment and operational flexibility, positioning it to accelerate growth and broaden functionality for its more than 20,000 customers.

The deal also reflects a wider market pattern. Hexagon recently sold its design and engineering tools within its manufacturing intelligence division to Cadence for €2.7 billion, while simultaneously preparing to spin off Octave as a new entity. Both GE Vernova and Hexagon are narrowing their portfolios to defined strengths, enabling carved‑out businesses to scale with dedicated management teams and targeted investment. In parallel, vendors such as Dassault Systèmes, Schneider Electric with AVEVA, and Siemens are advancing integrated platform strategies that connect design, operations and lifecycle intelligence in unified suites. The result is a competitive landscape in which some firms are concentrating on depth in specific domains, while others are expanding breadth to deliver end‑to‑end coverage.

For industrial software buyers, the Proficy carve‑out highlights the importance of understanding a vendor’s strategic direction. Portfolio‑sharpening can bring more specialized innovation but may also shift product roadmaps, while platform expansion strategies promise tighter integration but often require broader vendor commitments. Aligning supplier strategy with long‑term operational needs is becoming as critical as evaluating the software itself.

For more information, check out Verdantix research spanning industrial asset management software and services, industrial AI analytics and data management and field service management.