Schneider Electric to acquire U.S. engineering software firm PTC in a $22.6 billion deal

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-05
Category: business
Source: Morningstar / Reuters / Financial Times

French industrial conglomerate Schneider Electric has agreed to its largest-ever acquisition, purchasing U.S. engineering software firm PTC for $22.6 billion. The deal aims to strengthen Schneider's data center business and expand its software solutions for deploying AI in industrial operations.

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