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Schneider plans to acquire PTC
French company Schneider Electric is engaged in advanced negotiations to acquire American software firm PTC, in a deal valued at approximately $20 billion. This would be the company's largest acquisition to date. The negotiations are nearing completion, with the market valuation of the target company exceeding $15.5 billion and surpassing a previous deal valued at $11 billion. Schneider's goal is to expand its strategy in the industrial software sector, particularly in solutions for product design and lifecycle management.
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