Schneider Electric to Acquire PTC in $22.6 Billion Software Deal

Key Facts

1Schneider Electric announced a deal to acquire software maker PTC for $22.6 billion.

2The acquisition aims to create one of the largest industrial-software portfolios globally.

Schneider Electric announced a deal to acquire software maker PTC for $22.6 billion. The Wall Street Journal reported that the acquisition aims to expand Schneider Electric's digital and industrial software capabilities by integrating them with its existing energy management and automation business.

The transaction is intended to create one of the largest industrial-software portfolios globally. This strategic move focuses on strengthening the company's position in the digital transformation sector, combining software solutions with physical industrial infrastructure.