Business · 1 day ago
Why Schneider Electric is buying PTC to challenge Siemens
Graphic: BriefTea
Schneider Electric is acquiring PTC to expand its reach into product engineering, moving beyond plant operations and energy management. The PTC deal, along with other acquisitions, aims to strengthen Schneider's position against Siemens across the industrial lifecycle. PTC's expertise in designing complex products and managing data, particularly with Creo CAD and Windchill PLM, is key to this strategy.
Reported by connectivity4ir.co.uk · How we write briefs