Schneider Electric agrees to acquire PTC for about $22.6B, expanding data-center and industrial-software exposure amid AI-driven infrastructure demand

What changed

Reuters reported on October 4 that France's Schneider Electric agreed to acquire US industrial-software company PTC for about $22.6 billion, its largest deal to date. The transaction would combine PTC's product-lifecycle and industrial-software capabilities with Schneider's energy-management, automation and data-center businesses. Reuters describes expanding data-center demand and AI-related infrastructure growth as important context for Schneider's software push, while investors reassess software valuations in the AI era. The transaction remains subject to shareholder and regulatory approval and is expected to close in the third quarter of 2027.