TechFinancial Times1h ago
Schneider Electric is in advanced talks
Sources: Schneider Electric is in advanced talks to buy US engineering software firm PTC for ~$20B, its largest acquisition; a deal could come as soon as Monday
TL;DRSchneider Electric is close to buying PTC for around $20 billion.
Why it matters: The deal consolidates industrial software power, shaping manufacturing automation tools globally.
Acquisition would be French conglomerate's largest and enhance its products focused on manufacturers
Read full articleSource: Financial Times · Opens in new tab