Nathan Fast

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Schneider Electric signs $22.6 billion deal to acquire PTC

Overseeing financing of the PTC acquisition; says the PTC brand will likely run under a governance structure similar to Aveva

Schneider Electric agreed October 5 to buy PTC, the Boston industrial software firm, for $22.6 billion in cash, or $205 a share. It is the largest acquisition in Schneider's history and a bet that software will drive its data center business.

Updated 12 hours ago