GE Vernova Explores Sale of Proficy Software Division, Valued Up to $1B

GE Vernova Inc. (NYSE:GEV) is one of the best new stocks to buy now. On June 30, GE Vernova announced that it is exploring the sale of its industrial software division called Proficy. This potential divestiture could fetch between $900 million and $1 billion for the company, according to Bloomberg.

The company is reaching out to both publicly traded companies with similar assets and private equity firms. But it’s important to note that these early-stage discussions may not necessarily result in a sale. GE Vernova is continuously capitalizing on the rising power demand, which is expected to reach higher levels in and beyond H2 this year.

GE Vernova Explores Sale of Proficy Software Division, Valued Up to $1B

A view of the skyline from an electricity pylon, to show the ubiquity of the companies energy products.

GE Vernova reported strong Q1 2025 earnings for its electrification software, which includes Proficy. These earnings grew by ~9% year-over-year and reached $224 million. Earlier in June this year, GE Vernova Hitachi Nuclear Energy also announced plans to establish a $50 million small modular reactor/SMR engineering service center in the Durham area in Canada.

GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity.

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Disclosure: None. This article is originally published at Insider Monkey.