Schneider Electric Nears $20 Billion Acquisition of PTC

Schneider Electric is nearing a deal to acquire PTC, a U.S.-based industrial software maker, for approximately $20 billion. The French company may announce the acquisition as early as Monday, though negotiations remain ongoing.

PTC, headquartered in Boston, currently holds a market value of about $15.6 billion. The company recently raised its annual revenue forecast, driven by high demand for industrial software and AI tools.

This potential purchase is part of a broader strategy by Schneider Electric to grow its digital and software operations. As part of this expansion, the company is also pursuing a bid to acquire the Bulgarian smart-home equipment maker Shelly Group for approximately €1.27 billion.