Schneider Electric shares plunge on record $22.6bn PTC deal

🇫🇷 Euronews (FR) —
Schneider Electric shares plunge on record $22.6bn PTC deal

AI Summary

Schneider Electric agreed to acquire Boston-based PTC for $22.6 billion to expand its industrial AI business. Schneider shares fell sharply after the deal was announced.

French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based PTC for $22.6bn (€20.1bn) to expand its industrial AI business. The French company's shares plummeted on Monday following the announcement.

Markets Deals AI & Tech Energy Schneider Electric PTC acquisition industrial AI share price technology

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