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News 2026-10-05 08:11 UTC

Schneider Electric to buy PTC for $23 billion

Schneider Electric has agreed to acquire PTC for $205 per share in cash, a deal valued at $23 billion. The acquisition comes as Schneider Electric has benefited from the AI build-out.

News 2026-10-05 02:00 UTC

Schneider Electric Nears $20B Deal to Acquire PTC

Schneider Electric is reportedly close to acquiring U.S. software company PTC for over $20 billion, which would be the French industrial giant's largest acquisition to date. PTC shares surged 17% in overnight trading on the news.