TPG to Acquire PTC’s Kepware and ThingWorx Industrial Connectivity and IoT Businesses

Schneider Electric to Acquire PTC for $22.6 Billion

October 5, 2026

Software

Schneider Electric signed a definitive agreement to acquire 100% of PTC in an all-cash transaction valued at approximately $22.6 billion in equity, or $23.7 billion including debt. The combination is intended to expand Schneider Electric’s industrial software and AI portfolio by connecting PTC’s product design and engineering software with Schneider Electric’s operational and energy capabilities.

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

September 12, 2025

Cloud & SaaS

TPG has acquired GE Vernova’s Proficy manufacturing software business for $600 million, creating an independent software company serving over 20,000 customers. Proficy offers cloud-based and on-premises HMI/SCADA, MES, industrial data management, and analytics for discrete, process, and hybrid manufacturing as well as metro transit and other infrastructure applications.

TPG Growth to Acquire Irth Solutions from Blackstone Energy Transition Partners

August 30, 2025

Cloud & SaaS

Irth Solutions, a provider of cloud-based enterprise software for critical energy and infrastructure companies, has entered into a definitive agreement to be acquired by TPG via TPG Growth. The transaction is expected to close in late 2025, subject to customary closing conditions, and represents a strategic exit for Blackstone Energy Transition Partners.

TPG Acquires Peppertree Capital Management

July 2, 2025

Infrastructure

TPG (NASDAQ: TPG) completed its previously announced acquisition of Peppertree Capital Management in a cash and equity transaction with earnouts. Peppertree’s wireless communications tower and related digital infrastructure investment strategy will operate within TPG as “TPG Peppertree.”

Amphenol Acquires Trexon’s Industrial Products Group (IPG)

February 8, 2024

Manufacturing

Amphenol Corporation acquired Trexon’s Industrial Products Group (IPG), a divestiture that includes the brand portfolios of TPC Wire & Cable, Pittsburgh Wire & Cable, and MilRail. The sale, completed late in 2023, transfers Trexon’s industrial cable and harsh-environment interconnect businesses to Amphenol as Trexon focuses its operations on its Engineered Products Group (EPG).

TPG Capital Acquires Majority Stake in Nintex

October 5, 2021

Software

TPG Capital has agreed to acquire a majority stake in Nintex, the Bellevue, Washington–based provider of digital process automation software. Existing majority investor Thoma Bravo will make a new equity investment and retain a significant minority stake; the transaction is expected to close by the end of 2021 and aims to accelerate Nintex's product R&D and go-to-market expansion.