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Schneider Electric to Acquire Industrial Software Firm PTC in $22.6...

Schneider Electric to Acquire Industrial Software Firm PTC in $22.6B Deal

French energy-tech company Schneider Electric announced it will acquire PTC, a US industrial software maker, in an all-cash deal for all outstanding shares, valuing the company at roughly $22.6 billion — about a 42% premium over PTC's current stock price.

Schneider CEO Olivier Blum called the acquisition a major step in the company's energy and smart-industry strategy, rounding out its portfolio with software and AI that bridges the physical and digital worlds. PTC makes industrial design and lifecycle software, serving over 30,000 customers globally, with flagship products spanning CAD, PLM, and ALM for industrial product design and development.

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