Schneider Electric nears $20 billion deal to acquire software firm PTC
AI Summary
Schneider Electric is reportedly nearing a $20 billion acquisition of US-based PTC, which would mark the French group's largest deal ever.
France's Schneider Electric is reportedly close to a deal to purchase the U.S. software group PTC for approximately $20 billion.
According to reports from the Financial Times and Reuters, Schneider Electric is nearing an agreement to acquire the American software company PTC. The deal is valued at roughly $20 billion.
The International homepage reported that this acquisition would be the largest in the history of the French group. The move is designed to expand Schneider Electric's industrial software capabilities.
The reports indicate that the French firm is looking to strengthen its software portfolio through the transaction. Neither company has officially confirmed the status of the talks.
How outlets covered it
Image: International homepageInternational homepageSchneider Electric nears deal to buy software group PTC for $20bn
Image: "when:24h site:reuters.com" - Googl
"when:24h site:reuters.com" - GooglFrance's Schneider Electric nears $20 billion deal to buy US software group PTC, FT reports - Reuters
Euronews RSSSchneider Electric shares plunge on record $22.6bn PTC deal
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