Olivier Blum CEO Schneider Electric
SCHNEIDER ELECTRIC TO BUY PTC FOR US $ 22.6BN IN AI PUSH
Schneider Electric has agreed to buy industrial software giant PTC for US $ 22.6bn, or US $ 205 per share. Funded by equity and debt, Schneider’ s largest acquisition to date bridges physical and digital systems to construct an industrial AI powerhouse. The deal furthers Schneider’ s reach into automotive, aerospace and the medical tech industries, while PTC gains substantial scale to accelerate product design innovation.