Schneider Electric to buy engineering software giant PTC for $23.7B

T2Covered by 1 source · first reported by SiliconANGLE at 05 Oct, 23:12 UTC

Schneider Electric Inc., one of the world’s largest industrial companies, today announced plans to acquire PTC Inc. for $23.7 billion. The all-cash deal values the software maker at $205 per share. That represents a 42.3% premium to its last closing price. PTC is best known for its Creo…