Schneider Electric to Buy Software Firm PTC for $22.6 Billion

· Tech · France

Schneider Electric has agreed to acquire software company PTC in an all-cash deal that values PTC's equity at around $22.6 billion. The French energy and technology company framed the purchase as the next step in its push to expand into software and artificial intelligence. The transaction is one of the largest recent European technology acquisitions and would fold a major industrial software vendor into Schneider's portfolio. It follows a broader pattern of industrial and energy companies buying software assets to add recurring revenue and AI capabilities to hardware-centric businesses. The deal's size signals continued appetite for large-scale software consolidation even as some technology listings have been postponed amid choppy market conditions.

Why it matters：Industrial and energy giants are racing to buy software and AI capability, reshaping who controls the tools that run factories and grids.

Key points

  • Deal is all-cash and values PTC's equity at about $22.6 billion.
  • Schneider Electric is described as a French energy and tech company.
  • PTC is a software company, making the purchase central to Schneider's software and AI expansion.

Sources (original reporting)

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