(Reuters) -U.S. energy tools maker GE Vernova is exploring the sale of its industrial software program enterprise, Proficy, in a deal that would fetch as a lot as $1 billion, Bloomberg Information reported on Friday, citing folks aware of the matter.
Following its independence final 12 months after a three-way break up of Basic Electrical, GE Vernova is benefiting from surging home energy demand.
This demand is anticipated to hit document highs in 2025, pushed by fast expansions in AI and cryptocurrency knowledge facilities, in addition to elevated power consumption by households and companies.
The asset may very well be bought for between $900 million and $1 billion, the report mentioned.
The corporate is working with advisers and has reached out to industrial software program corporations and personal fairness buyers, in line with Bloomberg.
GE Vernova declined to remark.
(Reporting by Arunima Kumar in Bengaluru; Modifying by Mohammed Safi Shamsi)