France's Schneider Electric announces agreement to acquire U.S. software company PTC for $22.6 billion

France's Schneider Electric has agreed to acquire U.S. software company PTC in an all-cash transaction. The total transaction value is reported to be $22.6 billion.

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The story

France's Schneider Electric announced on the 5th that it would acquire U.S. software company PTC in an all-cash transaction.

The total transaction value is $22.6 billion, and the deal is expected to be completed entirely in cash.

At a glance

AcquirerSchneider Electric

Company NamePTC

Transaction structureAll-cash acquisition

Total transaction value$22.6 billion

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