NewzFrench industrial technology company Schneider Electric has confirmed an agreement to acquire the United States-based software firm PTC for $22.6 billion. The transaction marks a significant expansion for Schneider Electric as it seeks to bolster its digital and software capabilities within the industrial sector.
The acquisition represents a major consolidation in the industrial software market, aligning Schneider Electric’s existing infrastructure with PTC’s specialized software offerings. The deal is valued at $22.6 billion, reflecting the ongoing strategic shift of traditional industrial firms toward integrated digital solutions.
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