Schneider Electric reportedly nears $20 billion deal to buy PTC
PTC•Schneider Electric is reportedly nearing a deal to buy U.S. software group PTC for about $20 billion. The deal may be announced as soon as Monday, but discussions are ongoing and may not result in an agreement.
1. Possible acquisition
Schneider Electric is nearing a deal to buy PTC for about $20 billion, a report citing people with knowledge of the matter said. An announcement may come as soon as Monday, though discussions are ongoing and there is no certainty they will result in a deal.
2. PTC background
PTC had a market value of $15.63 billion. In July, the company raised its annual revenue forecast after third-quarter results, citing expected demand for its industrial software and artificial intelligence-powered tools.
