MEGA DEAL: Schneider Electric Nears $20B Acquisition of US Software Firm PTC...

Schneider Electric, the French industrial automation company, is moving toward acquiring PTC, a Massachusetts-based software maker valued at roughly $20 billion. The deal would give Schneider access to PTC's product lifecycle management and industrial IoT platforms, strengthening its push into software-driven industrial operations as manufacturers increasingly rely on digital tools for design, manufacturing, and connected equipment. Such a merger reflects a broader shift in industrial technology, where hardware makers are pairing with software specialists to offer integrated solutions rather than standalone products.