Power Play: Schneider Electric Sparks Industrial Software Expansion with $22.6B PTC Acquisition

Monday, 5 October

Monday, 5 October, 2026

Power Play: Schneider Electric Sparks Industrial Software Expansion with $22.6B PTC Acquisition

By TechShots Studio

Schneider Electric has agreed to acquire US industrial software firm PTC for $22.6 billion. This strategic mega-deal aims to merge Schneider's energy management and automation hardware footprint with PTC's computer-aided design and product lifecycle management software, creating a powerhouse in industrial digital transformation and smart manufacturing.

Read full story at CIO ECONOMIC TIMES

Tags:technology business Schneider Electric

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Power Play: Schneider Electric Sparks Industrial Software Expansion with $22.6B PTC Acquisition

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