Schneider Electric to Acquire PTC for More Than $20 Billion

Schneider Electric is acquiring US-based engineering software developer PTC Inc. for an implied enterprise value of $23.7 billion. Other reports specify the acquisition as an all-cash deal valued at $22.6 billion. This strategic move integrates PTC's engineering software capabilities into the Schneider Electric portfolio. The transaction represents a significant investment by Schneider Electric to expand its reach and technical offerings within the software development sector, utilizing PTC's specialized tools to enhance its industrial operations.