
🇫🇷 Schneider Electric nears $20bn takeover of US industrial-software group PTC
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French industrial group Schneider Electric is close to acquiring US industrial-software company PTC for nearly $20 billion. PTC currently has a market value of about $15.6 billion, and the acquisition would significantly expand Schneider’s software portfolio and strengthen its position in industrial digitalisation. The wider European angle is striking: a major European industrial company is looking to acquire a large US technology asset rather than the other way around. Negotiations are advanced, but the deal has not yet been finalised.
Source: Boursorama 🇫🇷