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Schneider Electric Nears $20 Billion Deal to Acquire PTC
Original: Schneider Electric Nears $20B Deal to Acquire US PTC – FT Reports
Schneider Electric is reportedly close to a deal worth around $20 billion to acquire PTC, the US industrial software company, according to the Financial Times. The acquisition would mark a major move by the French energy management group deeper into industrial software, expanding its automation and digital technology offerings. Details of the talks, including timing and final terms, have not been confirmed by either company.
Why now: Reports of a potential $20 billion acquisition by a major industrial group are new and significant for markets and the industrial software sector.
Schneider ElectricPTCFinancial Times
Evidence
- Schneider Electric Nears $20B Deal to Acquire US PTC – FT Reports · globalbankingandfinance.com
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