In TrendsStock MarketStocks to WatchGold and SilverHDFC BankFrance’s Schneider Electric to buy PTC for $22.6 billion in its biggest deal everSchneider Electric will acquire US software firm PTC for $22.6 billion in its biggest deal ever, as the French engineering giant expands its industrial software and AI business.By Reuters October 5, 2026, 12:46:22 PM IST (Published)France's Schneider Electric struck its biggest deal ever on Monday, agreeing to buy PTC in an all-cash deal valuing the US software company's equity at around $22.6 billion, it said in a statement.The $205-per-share offer implies an enterprise value of $23.7 billion for Boston-based PTC and represents a 42.3% premium to its last closing price.The French engineering company's shares were down 4.7% on Tradegate before the market opened, as investors digested the size of the acquisition alongside concerns that Schneider would be paying a substantial premium for a software business facing AI-driven valuation pressure and uncertain growth prospects."Large-scale M&A is typically unwelcome in the first instance by European investors, although Schneider Electric's deals have typically proven strategically astute, if debatable from a valuation standpoint," J.P. Morgan analysts said in a note to investors.The transaction is the largest-ever acquisition in the history of Schneider, France's third-highest-valued…
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