GE Vernova Acquires Remaining 50% Stake in Prolec GE

TPG to Acquire GE Vernova’s Proficy Manufacturing Software Business for $600 Million

September 12, 2025

Software

TPG Capital has reached an agreement to buy GE Vernova’s Proficy manufacturing software business for $600 million. After closing (expected in the first half of 2026), Proficy will operate as a standalone company serving industrial customers with software for HMI/SCADA, MES, industrial data management, and analytics, including cloud and on-premises offerings.

GE Vernova To Acquire Alteia SAS to Enhance GridOS Visual Intelligence

July 22, 2025

AI & Machine Learning

GE Vernova is set to acquire Alteia SAS, a French AI software firm specializing in computer vision and machine learning. The deal is intended to enhance GE Vernova’s GridOS Visual Intelligence platform within its Electrification Software division by integrating visual AI workflows with operational grid data to improve situational awareness, resilience, and faster damage assessments.

NOVA Infrastructure Acquires ~70% of UGE International

May 28, 2024

Renewable Energy

NOVA Infrastructure has completed the acquisition of approximately 70% of the common shares of UGE International Ltd., a community solar and battery storage developer and operator. NOVA will partner with UGE's management and provide acquisition and growth capital to scale the company's community solar and battery storage platform across the U.S.

Legrand to Acquire a Majority Stake in Cogelec

July 9, 2025

IT Services

Legrand France, a subsidiary of Legrand, has signed an agreement to acquire all shares of Cogelec Développement, which indirectly holds 60.09% of Cogelec’s share capital and 78.39% of voting rights. If completed, Legrand will launch a mandatory simplified tender offer for the remaining Cogelec shares at €29 per share, with potential squeeze-out thereafter.

Certek Acquires GEV Wind Power

May 13, 2025

Renewable Energy

Certek, a sector-focused investment vehicle led by David Harrison and supported by Macquarie Group, has acquired GEV Wind Power from Bridges Fund Management. GEV, headquartered in Hessle, East Riding of Yorkshire, is a global specialist in wind turbine rotor blade repair and O&M and will be supported by Certek and GEV management to expand capacity and pursue supply‑chain consolidation; terms were not disclosed.

Averna Acquires ProNES Automation GmbH

May 23, 2023

Industrial Services

Averna, a global test and quality solutions provider based in Montreal, has acquired German automation specialist ProNES Automation GmbH and opened a Landau office to oversee sales and operations in Germany. ProNES founder and CEO Jochen Weber will join Averna's leadership team; the deal strengthens Averna's capabilities in automated quality inspection and battery test solutions while expanding its local presence in Germany.