Schneider Electric nears deal to buy software group PTC for $20bn
Financial Times 2026-10-04 21:11:58
Context: Schneider Electric, a French conglomerate, is nearing a deal to acquire software group PTC for approximately $20 billion, marking its largest acquisition to date. This strategic move aims to bolster Schneider Electric's product offerings focused on manufacturers. The deal, if finalized, would significantly expand Schneider Electric's capabilities in the industrial software sector.
Key Facts
- Schneider Electric is nearing a deal to acquire software group PTC for approximately $20 billion.
- The acquisition would be Schneider Electric's largest to date.
- The deal would enhance Schneider Electric's products focused on manufacturers, expanding its capabilities in the industrial software sector.