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Schneider Electric nears $20 billion deal for software firm PTC

Original: schneider electric

Schneider Electric is reportedly close to agreeing a deal to buy PTC, the US industrial software company, in a transaction valued at more than $20 billion, according to Bloomberg. The acquisition would mark a major push by the French electrical equipment group into industrial software and digital manufacturing technology.

Why now: Reports of one of the largest industrial technology deals of the year are drawing widespread attention

Schneider ElectricPTCBloomberg

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Evidence

• Schneider Electric va racheter le spécialiste US des logiciels industriels PTC · Boursier.com
• Schneider Said to Near Deal to Buy PTC for More Than $20 Billion · Bloomberg.com

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