Schneider Electric expands its software portfolio again! Plans to spend over $20 billion to acquire US engineering software developer PTC (PTC.US)
According to a person familiar with the matter, Schneider Electric is close to reaching a deal to acquire U.S. engineering software developer PTC for more than 20 billions USD.
According to Jin Zhitong Finance APP, Schneider Electric is reportedly close to reaching a deal to acquire U.S. engineering software developer PTC (PTC.US) for more than 20 billion U.S. dollars, according to a person familiar with the matter. The person said the deal could be announced as early as Monday morning, adding that negotiations between the two companies are still ongoing, and it is not yet certain that a final agreement will be reached.
If the deal is completed, this will become the largest transaction in Schneider Electric’s history. The deal will further strengthen the French engineering company’s acquisitions in the software sector. In June this year, Schneider Electric agreed to acquire Cognite Holding, a private company that mainly provides artificial intelligence (AI) software and industrial data services.
Schneider Electric was previously known for industrial components such as fuses and circuit breakers. Now, the company is building the backbone infrastructure for data centers, offering a range of products including cooling equipment, server racks, and key power distribution devices. PTC provides software solutions for product design, manufacturing, and maintenance to multiple industries, also benefiting from the growing demand for its AI-driven tools.
The booming demand for data centers—especially from the U.S.—is driving Schneider Electric’s performance and has become a growing source of revenue, offsetting some of the weakness in the traditional electrical equipment market. In July, after announcing record half-year results, Schneider Electric raised its revenue outlook for the full year, betting that its core industrial software and AI-driven tools will continue to see strong demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Current Spread in Yield Basis Points U.S. 5.262 % Australia 5.347 % 8.5 Belgium 4.339 % -92.3 Canada 3.944 % -131.8 Denmark 3.268 % -199.4 France 4.866 % -39.6 Germany 3.475 % -178.7 Italy 4.604 % -65.8 Japan 3.091 % -217.1 Netherlands 3.577 % -168.5 Spain 4.087 % -117.5 Sweden 3.146 % -211.7 U.K. 5.369 % 10.7 Source: Tullett Prebon via FactSet (END) Dow Jones Newswires October 05, 2026 01:10 ET (05:10 GMT)
10-Yr Benchmark Govt Yields - Germany vs Other Nations
Current Spread in Yield Basis Points Germany 3.475 % Australia 5.347 % 187.2 Belgium 4.339 % 86.4 Canada 3.944 % 46.9 Denmark 3.268 % -20.7 France 4.866 % 139.1 Italy 4.604 % 113.0 Japan 3.091 % -38.4 Netherlands 3.577 % 10.2 Spain 4.087 % 61.2 Sweden 3.146 % -32.9 U.K. 5.369 % 189.4 U.S. 5.262 % 178.7 Source: Tullett Prebon via FactSet (END) Dow Jones Newswires October 05, 2026 01:10 ET (05:10 GMT)
Tanzania renews Barrick North Mara gold mine licenses for 15 years
Tanzania renewed special mining licenses for Barrick’s North Mara gold mine for 15 years, securing long-term operating rights. Renewal supports continued investment plans, employment, local procurement, tax payments, royalties, dividends in Tanzania. Barrick injected about $5.3 billion into the Tanzanian economy since 2019, including $1.2 billion in 2025. Twiga Minerals structure remains in place, with Tanzania holding 16% in each mine and economic benefits split equally. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barrick Mining Corporation published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.
Schwab Strategist Warns a Single Mega-Cap Capex Miss Could Disrupt the AI-Driven Market
Crypto prices
More
