Schneider Electric acquires software manufacturer PTC for $22.6 billion and expands industrial software and AI business!
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The French company Schneider Electric is acquiring the US industrial software manufacturer PTC for approximately $22.6 billion in cash. With this acquisition, Schneider aims to create one of the largest portfolios for industrial software and benefit from the AI-driven transformation of factories. Billions acquisition in cash Schneider Electric has agreed to acquire PTC for around $22.6 billion and will pay $205 per share in cash – a premium of more than 40% over PTC's last closing price. The deal is expected to close by the third quarter of...
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