Schneider Electric Nears Deal to Buy PTC
French company Schneider Electric is nearing a deal to buy PTC. PTC is a US engineering software developer.
Talks are ongoing and a deal is not certain. The Financial Times reported a price of $20 billion.
Bloomberg reported a price of more than $20 billion. Bloomberg cited a source familiar with the matter.
The deal would be the largest ever for Schneider Electric. It would also improve its products for manufacturers.
Klear Note — Engineering software helps manufacturers design products and plan production.
Key Terms 2
- Financial Times A British newspaper that reports on business and finance.
- Bloomberg A news company that reports on business and money.