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France’s Schneider Electric Nears $20 Billion Deal to Buy US Software Group PTC, FT Reports

Summary by WTVB
Oct 4 (Reuters) - France's Schneider ​Electric ‌is nearing a deal ‌to ​buy ⁠US software ⁠group PTC  for about $20 billion, ​the ⁠Financial ⁠Times reported ​on ​Sunday citing people ‌with knowledge of ⁠the matter. Reuters could not ⁠immediately verify ‌...

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[Digital Daily Reporter Lee Sang-il] Schneider Electric has entered the final stages of a deal to acquire the U.S. industrial software company PTC for approximately $20 billion (about 27 trillion won), the UK's Financial Times (FT) reported on the 4th (local time), citing sources familiar with the matter. It is expected that the deal announcement could be made as early as the 5th (local time). According to the FT, discussions between the two co…

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BizToc broke the news on Sunday, October 4, 2026.
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