Schneider Electric to buy PTC for $22.6 billion in cash

Schneider Electric has agreed to acquire software maker PTC in an all‑cash deal worth $22.6 billion. PTC's board approved the offer, saying it provides a significant premium over the recent share price. The purchase reflects the rapid shift in the software sector caused by artificial‑intelligence disruption. Schneider plans to fund the transaction with a mix of new debt and the issue of fresh Schneider shares. The deal is expected to broaden Schneider's AI‑driven solutions for industrial operations. ## Context Schneider Electric is a global leader in energy management and automation. Adding PTC’s product lifecycle and industrial‑IoT software gives Schneider a stronger foothold in the AI‑focused industrial tech market.