Schneider Electric to buy US software maker PTC for $22.6bn in cash

T2Covered by 1 source · first reported by TNW at 05 Oct, 09:22 UTC

Schneider Electric has agreed to buy PTC, a US maker of industrial design and engineering software, for about $22.6bn (€20.1bn) in cash. The French group announced the deal on Monday morning. The announcement came a day after the Financial Times first reported that the two companies were close to…