Latest news with #industrialsoftware
Yahoo
8 hours ago
- Business
- Yahoo
GE Vernova explores sale of Proficy software unit, Bloomberg News reports
(Reuters) -U.S. power equipment maker GE Vernova is exploring the sale of its industrial software business, Proficy, in a deal that could fetch as much as $1 billion, Bloomberg News reported on Friday, citing people familiar with the matter. Following its independence last year after a three-way split of General Electric, GE Vernova is benefiting from surging domestic power demand. This demand is expected to hit record highs in 2025, driven by rapid expansions in AI and cryptocurrency data centers, as well as increased energy consumption by households and businesses. The asset could be sold for between $900 million and $1 billion, the report said. The company is working with advisers and has reached out to industrial software firms and private equity investors, according to Bloomberg. GE Vernova declined to comment.
Reuters
8 hours ago
- Business
- Reuters
GE Vernova explores sale of Proficy software unit, Bloomberg News reports
June 27 (Reuters) - U.S. power equipment maker GE Vernova (GEV.N), opens new tab is exploring the sale of its industrial software business, Proficy, in a deal that could fetch as much as $1 billion, Bloomberg Newsreported, opens new tab on Friday, citing people familiar with the matter. Following its independence last year after a three-way split of General Electric (GE.N), opens new tab, GE Vernova is benefiting from surging domestic power demand. This demand is expected to hit record highs in 2025, driven by rapid expansions in AI and cryptocurrency data centers, as well as increased energy consumption by households and businesses. The asset could be sold for between $900 million and $1 billion, the report said. The company is working with advisers and has reached out to industrial software firms and private equity investors, according to Bloomberg. GE Vernova declined to comment.
CNA
8 hours ago
- Business
- CNA
GE Vernova explores sale of Proficy software unit, Bloomberg News reports
U.S. power equipment maker GE Vernova is exploring the sale of its industrial software business, Proficy, in a deal that could fetch as much as $1 billion, Bloomberg News reported on Friday, citing people familiar with the matter. Following its independence last year after a three-way split of General Electric, GE Vernova is benefiting from surging domestic power demand. This demand is expected to hit record highs in 2025, driven by rapid expansions in AI and cryptocurrency data centers, as well as increased energy consumption by households and businesses. The asset could be sold for between $900 million and $1 billion, the report said. The company is working with advisers and has reached out to industrial software firms and private equity investors, according to Bloomberg. GE Vernova declined to comment.
Bloomberg
9 hours ago
- Business
- Bloomberg
GE Vernova Is Exploring a Sale of Its Proficy Software Business
GE Vernova Inc. is exploring a potential sale of its industrial software business known as Proficy, according to people familiar with the matter. The company is working with financial advisers on the divestiture, the people said, asking not to be identified because the information is private.
Tahawul Tech
2 days ago
- Business
- Tahawul Tech
AVEVA on the right track as they publish the findings of their 2024 Sustainability Report
AVEVA, a global leader in industrial software, has launched its 2024 Sustainability Report. Alongside a substantial update on progress against the company's targets and green product roadmap; the report shows how software, which enables companies to unify trusted information and insights, can drive responsible use of the world's resources. AVEVA's 2024 Sustainability Report, revealed significant progress across all three pillars of the company's sustainability framework: technology handprint, operational footprint and inclusive culture. In 2024, the company maintained its 93% reduction in scope 1 and 2 emissions against its baseline year through a combination of measures including: the pivot to using renewable energy, careful management of office space and fleet optimisation. By the end of 2024, AVEVA had assessed the maturity of its entire product portfolio against the Green Software Foundation's principles, reinforcing its commitment to sustainable software development. In parallel, research and development teams had completed power bench testing for 85% of its products to evaluate energy consumption. Combined, these efforts are helping to establish a baseline that will guide future improvements aligned with green software principles. 'We believe that sustainability and business success go hand in hand,' says Caspar Herzberg, CEO, AVEVA. 'We're focused on helping our customers harness the full potential of industrial intelligence, bringing visibility and insight to complex data and processes. This empowers the industry to achieve measurable improvements in both efficiency and productivity, unlocking significant savings in costs, emissions and resource requirements. AVEVA's 2024 Sustainability Report demonstrates the strides we've made to deepen our technology handprint, reduce our operational footprint and advance our inclusive culture.' AVEVA recognises that its biggest opportunity to make a positive climate impact is through its core products and customers. For the first time, the company has released an annual saved and avoided emissions figure, reflecting the material energy savings observed for a specific portion of its products. AVEVA is committed to refining and expanding this calculation of measurable saved and avoided emissions over time. 'As we enter the final year of our 2025 targets, we're focused on meeting our goals and chartering an even bolder path with our sustainability framework. We know that the biggest impact comes from our software handprint – how we work with our customers to enable them to drive decarbonisation, become more resilient and support circularity. This is why we're publicly reporting our 2024 customer saved and avoided emissions data for select industry sectors. We're committed to expanding our methodology to capture and quantify our broader impact. At AVEVA, we are continuing to advance towards a sustainable future, driving digital transformation through our software and leading by example with responsible operations,' adds Lisa Wee, CSO, AVEVA. Read more here:
