Schneider Electric nears $20bn deal to buy software firm PTC
Summarised from 2 outlets · Updated 4 Oct, 23:18 · Archive
French industrial group Schneider Electric is nearing a deal to acquire US software company PTC for $20 billion.
Schneider Electric, a French industrial group, is nearing a deal to acquire PTC, a Boston-based software company, for around $20 billion. The acquisition would represent Schneider Electric's largest deal to date and is intended to expand the group's industrial software capability.
PTC has a market value of $15.63 billion according to available data. The deal is still being negotiated and has not yet been finalised.
How it is being reported
- France’s Schneider Electric nears $20B deal to buy US software group PTC: reportsNew York Post · 4 Oct, 23:06
- Schneider Electric nears deal to buy software group PTC for $20bnFinancial Times · 4 Oct, 20:33
In this story: Schneider Electric · PTC · France · Boston
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