Schneider Electric Nears $20B Purchase of PTC
French company Schneider Electric is nearing completion of a deal to acquire American engineering software firm PTC for approximately $20 billion, according to the Financial Times. If finalized, it will be the company's largest deal ever, surpassing its acquisition of Aveva for $11 billion in 2023. The acquisition aims to strengthen Schneider Electric's presence in the industrial software market, which is used for product design and lifecycle management, aligning with its strategy to integrate energy management and automation solutions with software. This comes as the company is looking to increase its acquisition activity, with expectations that this deal will help expand its operations in the industrial sector. The deal is still under negotiation, and its terms may change or the deal may not go through.
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