Home / Business and Economy / Schneider Electric Nears $20B Deal for PTC Software
Schneider Electric Nears $20B Deal for PTC Software
5 Oct
Summary
- Schneider Electric is reportedly close to acquiring PTC.
- The potential deal is valued at approximately $20 billion.
- The FT reported the news citing anonymous sources.
French industrial giant Schneider Electric is reportedly close to finalizing a $20 billion acquisition of US software firm PTC. The Financial Times broke the news on Sunday, citing individuals familiar with the ongoing negotiations.
While Reuters has not yet independently confirmed the report, the potential deal signifies a substantial move by Schneider Electric into the software domain. The estimated $20 billion valuation highlights the significant financial commitment involved in this prospective transaction.
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