Schneider Electric Agrees to Acquire PTC for $22.6 Billion
The acquisition highlights how surging artificial intelligence infrastructure demands are driving massive consolidation and investment in industrial power and software companies.
• Schneider Electric has agreed to buy American industrial software company PTC in an all-cash deal worth $22.6 billion.
• The acquisition aims to expand Schneider Electric's lifecycle management and design capabilities for datacenter and power infrastructure.
• The deal represents Schneider's largest acquisition ever and is not expected to close until late next year.
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October 6, 2026 22
