Schneider Electric nears deal to buy software group PTC for $20bn
Schneider Electric will acquire PTC for 20 billion euros to expand its software and AI offerings. PTC provides engineering software for major industrial firms. Schneider also bought Cognite, a Norwegian AI company, in August.
- Schneider Electric will spend 20 billion euros to acquire US software company PTC.
- PTC designs and manufactures engineering software for large global industrial companies.
- Schneider Electric acquired the Norwegian AI specialist Cognite for nearly three billion euros in August.
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