Schneider Electric to buy US software firm PTC for $22.6 billion

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 05 Oct, 11:12 UTC

French energy and software group Schneider Electric said Monday that it would buy PTC, a US-based maker of software for industrial clients, for $22.6 billion in cash. Schneider, which makes equipment for energy systems such as data centre cooling, also offers product management software, while PTC…