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Stock impact report

GE Vernova Refines Energy Focus As Proficy Joins Velotic AI Platform [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. GE Vernova (NYSE:GEV) has completed the divestiture of its Proficy manufacturing software business to TPG. The assets are being combined under a new company, Velotic, positioned as a large independent industrial software platform. Velotic is expected to focus on AI and IoT capabilities for manufacturing clients following the closing of this transaction. For GE Vernova, which centers its operations on energy solutions, the exit from Proficy marks a clear separation between its industrial software assets and its core hardware and services footprint. At the same time, the move folds a mature software suite into Velotic, a stand-alone entity backed by private equity that is focused on data, connectivity, and factory-level digital tools. For investors watching NYSE:GEV, this reshapes how the company participates in digital offerings tied to industrial production. The creat Show less Read more
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