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Schneider Electric to buy engineering software giant PTC for $23.7B

SiliconANGLEOctober 5, 20263 min read

Schneider Electric Inc., one of the world’s largest industrial companies, today announced plans to acquire PTC Inc. for $23.7 billion. The all-cash deal values the software maker at $205 per share. That represents a 42% premium to its last closing price. PTC is best known for its Creo application, which engineers use to design hardware […] The post Schneider Electric to buy engineering software giant PTC for $23.7B appeared first on SiliconANGLE.

Schneider Electric to buy engineering software giant PTC for $23.7B Schneider Electric Inc., one of the world’s largest industrial companies, today announced plans to acquire PTC Inc. for $23.7 billion. The all-cash deal values the software maker at $205 per share. That represents a 42.3% premium to its last closing price. PTC is best known for its Creo application, which…

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