France’s Schneider Electric is reportedly close to finalizing a deal to acquire US software company PTC for approximately $20 billion, according to a report by the Financial Times on Sunday. The report cites sources familiar with the situation. An announcement regarding the deal could be made as soon as Monday, though the Financial Times noted that discussions are still ongoing and there is no guarantee that an agreement will be reached. Reuters has not been able to independently verify the Financial Times' report. Both Schneider Electric and PTC did not respond to requests for comment from Reuters outside of regular business hours. PTC, based in Boston, has a current market value of $15.63 billion, as reported by LSEG data. In July, PTC raised its annual revenue forecast following its third-quarter results, citing strong demand for its core industrial software and artificial intelligence-powered tools.
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Schneider Electric Approaches $20 Billion Acquisition of PTC
Schneider Electric is reportedly nearing a $20 billion deal to acquire PTC, a US software company, according to the Financial Times. The deal could be announced as soon as Monday, but ongoing discussions mean there is no certainty it will be finalized. PTC currently has a market value of $15.63 billion.
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France’s Schneider Electric nears $20B deal to buy US software group PTC: reports
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Schneider Electric Approaches $20 Billion Acquisition of PTC