GE Vernova Inc. (GEV) Announces Plans to Reinvest $600 Million—Proceeds from Selling Its Proficy Industrial Software Division to TPG

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GE Vernova Inc. (GEV) Announces Plans to Reinvest $600 Million—Proceeds from Selling Its Proficy Industrial Software Division to TPG

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On September 11, 2025, GE Vernova Inc. (NYSE:GEV) announced plans to reinvest $600 million—proceeds from selling its Proficy industrial software division to TPG—into its grid software division.

CEO Scott Strazik said the move aligns with GE Vernova’s goal of strengthening core electrification capabilities as global electricity demand grows. Earlier this year, GE Vernova Inc. (NYSE:GEV) committed $600 million to modernize U.S. plants and identified $300–$400 million in inflation- and tariff-related cost pressures. While shares fell 3.2% following the news, analysts expect the reinvestment to bolster long-term growth.

GE Vernova Inc. (NYSE:GEV) focuses on electrification and grid technologies to meet rising global energy demand. It is one of the Best Diversified Stocks.

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