TNW | Business
Schneider Electric to buy US software maker PTC for $22.6bn in cash
The $205-a-share offer is a 42% premium for the Boston industrial software firm, with completion expected by late 2027.
TM
Via TNW | Business
·Excerpt
Schneider Electric has agreed to buy PTC, a US maker of industrial design and engineering software, for about $22.6bn (€20.1bn) in cash. The French group announced the deal on Monday morning.
The announcement came a day after the Financial Times first reported that the two companies were close to an agreement, at a price of about $20bn.
Under the final terms, Schneider will pay $205 for each PTC share. That is a 42.3% premium to PTC’s Friday closing price of…
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