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Schneider strikes $22.6bn PTC deal as EU EV sales surge - 05 Oct 2026
As of October 5, today’s news features corporate acquisitions, macroeconomic trends in the energy sector, and significant political developments in Europe. Schneider Electric announced a definitive agreement to acquire the US software firm PTC for approximately 22.6 billion dollars. This deal represents Schneider's largest acquisition to date, highlighting its ambition to expand its data centre business against a backdrop of increasing demand. Following the announcement, Schneider's shares fell nearly 10% in early trading, attributed to investor concern over the high premium paid for PTC and…
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