Schneider Electric agrees to acquire PTC in $22.6 billion deal

International business desk, October 5: France’s Schneider Electric agreed to acquire US software company PTC for about $22.6 billion, Reuters reported.

The deal expands its industrial software and digital capabilities. Schneider shares fell nearly 10% in early Paris trading as investors assessed the transaction’s size and software-sector uncertainty. The announcement concerns an acquisition agreement, not a completed takeover.

Source report: Reuters, report updated 5 October 2026. Source report date: October 5, 2026.

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