Schneider's largest deal at $23B
French company Schneider Electric announced the completion of an acquisition valued at nearly 23 billion dollars of the American software company "PTC," to expand its presence in the fields of artificial intelligence and industrial digital solutions. The deal will be executed in cash and will strengthen Schneider's suite of engineering and design software used in the automotive, aerospace, and medical technology sectors, aiming to fill gaps in the company's software portfolio. The company anticipates that this transaction will contribute to establishing an integrated platform for software and artificial intelligence in the industrial sector, while it may lead to increased debt levels due to funding the deal through the issuance of shares and new debt, with completion expected by the third quarter of 2027.
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