Schneider Electric to Acquire PTC for $22.6B
French company Schneider Electric announced the largest acquisition in its history, purchasing the American software company PTC for approximately $22.6 billion. The move aims to expand its data center operations and increase investments in industrial software and artificial intelligence. The deal caused Schneider's stock to drop by about 10% due to investor concerns over software company valuations and the uncertainty surrounding AI. The total deal value was around $23.7 billion, including a 42.3% premium. The CEO projected that integrating PTC’s software and AI capabilities would boost data applications and accelerate Schneider Electric's revenue growth to approximately 24% of total revenues while achieving annual cost savings of €250 million by the third year. The completion of the deal is expected by the third quarter of 2027.
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