Schneider Electric close to $20 billion acquisition of US software firm PTC
Schneider Electric is reportedly finalising a purchase of PTC valued at roughly $20 billion, though the deal is not yet confirmed.
According to insiders, Schneider Electric is nearing a deal to acquire the American software group PTC for an estimated $20 billion. The announcement could come as soon as Monday, although both firms have cautioned that the agreement is still subject to finalisation. PTC, headquartered in Boston, currently has a market value of $15.63 billion and recently lifted its annual revenue forecast following robust third-quarter results driven by demand for its core industrial software and AI-enhanced tools.
The proposed merger would link Schneider’s global energy-management portfolio with PTC’s digital-technology offerings, potentially reshaping the industrial software landscape. Neither Schneider Electric nor PTC provided comments during off-hours. The deal remains un.
Why it matters
The merger would create a major player at the intersection of energy management and industrial software, influencing market competition.
In this story
