Business · 18 minutes ago
Schneider Electric acquires PTC for $205 per share, expanding its product engineering business
Graphic: BriefTea
Schneider Electric officially announced its acquisition of product design software company PTC on 5 October 2026, after over a year of speculation. PTC's shares increased by 36% on Monday after the announcement of the acquisition, which involved a payment of $205 per share in cash. The acquisition helps Schneider expand into product engineering, strengthening its competition with Siemens in industrial software.
Reported by connectivity4ir.co.uk · How we write briefs