TechBloomberg Tech1h ago
Schneider Electric to Acquire PTC in All-Cash Deal
TL;DRSchneider Electric buying PTC for $23.7 billion in cash.
Why it matters: Consolidates industrial software market; major shift in PLM and IoT infrastructure control.
Schneider Electric said it is acquiring US-based engineering software developer PTC for an implied enterprise value of $23.7 billion. The French conglomerate will buy PTC for $205 per share in an all-cash deal. Bloomberg's Manuel Baigorri breaks down the situation. (Source:…
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