Schneider Electric Nears $20B Deal to Buy US Industrial Software Firm PTC, Biggest-Ever Acquisition

France's Schneider Electric is in advanced talks to acquire US engineering software firm PTC for more than $20B, in what would be its largest-ever acquisition, with an announcement possible as soon as Monday, per Bloomberg and FT. PTC's product-design, PLM, and industrial-IoT portfolio (Creo, ThingWorx, Codebeamer, Onshape) would bolt onto Schneider's energy management and industrial automation stack, aligning with its push to pair software with hardware across data centers, factories, and infrastructure.