Schneider Electric’s PTC deal puts software ambitions in focus Schneider Electric (ENXTPA:SU) has agreed to acquire industrial software group PTC in an all cash transaction valued at about $22.6b, a move that immediately pushed Schneider’s own share price sharply lower.

Best of CES: The smart home energy-use ecosystem debuted at CES, putting a more efficient home right at your fingertips. Schneider Electric debuted its complete smart home energy ecosystem at CES 2023 and was awarded a CES 2023 Innovation Award for the ...

Speaking to investors on Monday, Schneider CEO Olivier Blum suggested that owning PTC and Cognite would enable the company to inject software-defined automation into power systems early in their development, improving their efficiency in the process. Datacenters are one of Schneider's initial targets.

Schneider Electric ( SU) closed at €272.80 on October 5, down €30.20, after agreeing to buy US engineering software company PTC in its largest acquisition on record. Reuters estimated the drop erased close to €15 billion of market value in one session.

The images in this article were created using generative AI.On October 5, French company Schneider Electric announced it would acquire the major U.S. industrial software firm PTC. The acquisition price is approximately $22.

The company developed a program designed for four types of employees, built to connect to the work they’re doing.

The board of Shelly Group, a Bulgarian-based provider of Internet of Things (IoT) and smart-building solutions, said on Tuesday it supports French energy technology firm Schneider Electric's takeover offer.