Business · 1 hour ago

Schneider Electric buying US software firm PTC for about $22.6 billion

France's Schneider Electric has agreed to its largest-ever deal, buying US software company PTC in an all-cash agreement on Monday. The offer values PTC's equity at around $22.6 billion, a 42.3% premium over its last closing price. Schneider anticipates the takeover will establish a substantial industrial software and AI operation, with completion projected for Q3 2027.

By BriefTea Editorial · 5 October 2026 at 9:12

Reported by Euronext Markets · How we write briefs

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