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Schneider Electric to Buy PTC for $22.6 Billion
Original: Schneider Electric to Buy Software Maker PTC for $22.6 Billion https://www.wsj.com/business/deals/schneider-electric-to-
French energy management company Schneider Electric has agreed to acquire industrial software maker PTC in a deal valued at $22.6 billion. The acquisition, reported by the Wall Street Journal, marks a major push by Schneider into industrial software and digital manufacturing services. The move is one of the largest technology deals announced this year and signals continued consolidation in the industrial software sector.
Why now: The size of the deal and Schneider's major strategic shift into software make it one of the biggest M&A stories of the moment.
Schneider ElectricPTCWall Street Journal
Evidence
- Schneider Electric to Buy Software Maker PTC for $22.6 Billion https://www.wsj.com/business/deals/schneider-electric-to-buy-software-maker-ptc-for-22-6-billion-7a23a60c?mod=rss_markets_main # Business # Mergers # Technology · wsj_markets@robot.villas · 3
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