GE Vernova is considering the sale of its industrial software division, Proficy. This could generate up to $1bn, as reported by Bloomberg.
GE Vernova was launched as an independent public company through a three-way split of General Electric in April 2024. Since then, the company has been capitalising on rising power demand.
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This demand is anticipated to reach higher levels in the second half of 2025 and going forward, fuelled by the swift growth of AI and cryptocurrency data centres along with increased energy usage from both households and industries, according to Reuters.
The company has engaged financial advisers for the divestiture process and has approached both public companies with similar assets and private equity companies.
The asset could be sold for between $900m to $1bn, though these early-stage deliberations may not necessarily result in a sale.
GE Vernova representative said in an email: “As a matter of practice, we do not comment on rumours or speculation related to potential M&A [mergers and acquisitions] activities.”
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By GlobalDataThe value of GE Vernova shares is reported to have almost quadrupled since its spinoff from from General Electric, establishing a market valuation around $142bn.
In terms of performance metrics for this sector of their business, first-quarter earnings from electrification software, which includes products such as Proficy, showed an increase of almost 9% compared to last year’s same quarter results. Earnings were reported at $224m according to recent company presentations.
Earlier in June 2025, GE Vernova Hitachi Nuclear Energy announced plans to establish a $50m small modular reactor (SMR) engineering service centre in the Durham area, close to the Darlington new nuclear project site in Ontario, Canada.
