Schneider Electric buys US industrial software maker PTC for $22.6 billion to pursue industrial SI
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
Industrial giants are paying tens of billions for factory and blueprint data — the raw material for SI in manufacturing.
The French company will pay $205 per share in cash — 42.3% above the last closing price; including debt, the business is valued at $23.7 billion. It is the largest acquisition in Schneider's history. The company expects to combine design and manufacturing data with SI. Its shares fell sharply after the announcement.
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