Schneider Electric to acquire PTC for $22.6 billion, challenging Siemens
Overview
Schneider Electric has agreed to acquire industrial design and data management firm PTC Inc. for about $22.6 billion, with the stated aim of linking product design to operations through a digital thread.
According to Interact Analysis, the deal could narrow Schneider's portfolio gap with rival Siemens.
The report says Schneider's shares weighed after the announcement, citing concerns over integrating PTC with Schneider's existing AVEVA and Cognite businesses and over the 42.3% premium being paid for PTC.
AIWritten by AI from the articles below · overview updated Oct 8, 7:47 PM ET
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- The Robot ReportSchneider Electric to acquire PTC for $22.6 billion, challenging Siemens
Schneider Electric will acquire industrial design and data management firm PTC Inc. for about $22.6 billion, aiming to connect product design with operations through a digital thread. Interact Analysis says the deal could narrow Schneider's portfolio gap with Siemens, but integration with AVEVA and Cognite and the 42.3% premium weighed on Schneider's shares after the announcement.
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