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Schneider's largest deal hits 23B
French company Schneider Electric announced its largest deal in history: the acquisition of US industrial software firm "PTC" for approximately $22.6 billion, aimed at strengthening its capabilities in artificial intelligence and digital solutions. The transaction will be executed in cash and will contribute to integrating engineering and design software used in the automotive, aerospace, and medical technology sectors, thereby boosting Schneider's position in the digital industrial sector. The company also expects this deal to establish an integrated platform for software and AI in the industrial field, enhancing its competitiveness and supporting innovation. The transaction is scheduled to be completed by the third quarter of 2027, financed through the issuance of new shares and debt instruments totaling nearly €23 billion, amid concerns over rising debt levels and their potential impact on the group's capital policy.
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