{"id":961656,"date":"2025-09-15T08:47:53","date_gmt":"2025-09-15T03:17:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=961656"},"modified":"2025-09-15T08:55:46","modified_gmt":"2025-09-15T03:25:46","slug":"ge-vernova-to-sell-industrial-software-unit-to-tpg-for-600-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/09\/15\/ge-vernova-to-sell-industrial-software-unit-to-tpg-for-600-million\/","title":{"rendered":"GE Vernova to sell industrial software unit to TPG for $600 million"},"content":{"rendered":"<p>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 accounts for about 20% of GE Vernova&#8217;s electrification software revenue, helps manufacturers monitor and optimise production. Electrification segment revenue in 2024 was $7.55 billion. <\/p>\n<p>The company, spun off from GE last year, has been working to offset rising costs tied to tariffs and inflation. In April, it forecast a $300 million to $400 million increase in costs in 2025 and said it planned to raise prices and streamline operations to protect margins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 accounts for about 20% of GE Vernova&#8217;s electrification software revenue, helps manufacturers monitor and optimise production. Electrification segment revenue in 2024 was $7.55 billion. The company, spun off from GE last year, has been working to offset rising costs tied to tariffs and inflation. In April, it forecast a $300 million to $400 million increase in costs in 2025 and said it planned to raise prices and streamline operations to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-961656","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/961656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=961656"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/961656\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=961656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=961656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=961656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}