Schneider Electric to Acquire Engineering Software Firm PTC for $23.7 Billion
· Business · Bloomberg, Financial Times, Investing.com
Schneider Electric SE has announced a definitive agreement to acquire the US-based engineering software developer PTC Inc. The transaction values the software company at an implied enterprise value of $23.7 billion. This acquisition marks a significant expansion for the French industrial giant into the specialized software sector. The deal remains subject to customary regulatory approvals and closing conditions.
Why it matters
The deal signals a major consolidation in the industrial software market, directly impacting the competitive landscape for digital transformation tools used by engineering and manufacturing firms globally.
Read the original report — Bloomberg
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