Sources: Schneider Electric is in advanced talks to buy US engineering software firm PTC for ~$20B, its largest acquisition; a deal could come as soon as Monday (Financial Times)
Acquisition would be French conglomerate's largest and enhance its products focused on manufacturers
Schneider Electric is in advanced talks to buy US engineering software firm PTC for approximately $20 billion. This would be the French conglomerate's largest acquisition. The deal could be announced as soon as Monday, according to the Financial Times.
PTC, based in Boston, has a market value of about $15.6 billion. The company recently raised its annual revenue forecast, citing strong demand for its industrial software and AI tools.
The potential acquisition would enhance Schneider's products focused on manufacturers and expand its software and digital operations. Schneider is also pursuing another acquisition, of Bulgarian smart-home equipment maker Shelly Group, for €70 per share, valuing it at about €1.27 billion.
Brief written by urgent.news from Techmeme, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
