Paris, France, Oct 5, 2026 (AFP) - Schneider Electric to buy US software firm PTC for $22.6 billion

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2026-10-05

French energy and software group Schneider Electric said Monday that it would buy PTC, a US-based maker of software for industrial clients, for $22.6 billion in cash. The move comes as software companies are racing to secure revenue streams amid fears that artificial intelligence advances will increasingly compete against their services at lower costs. Schneider, which makes equipment for energy systems such as data centre cooling, also offers pr......

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