Schneider Electric Agrees to Buy PTC for $22.6 Billion in Its Largest Acquisition

France’s Schneider Electric has announced an agreement to acquire US industrial software company PTC Inc. for approximately $22.6 billion, marking the largest acquisition in its history.

The deal forms part of Schneider’s push to expand its presence in artificial intelligence as demand for digital and industrial solutions grows rapidly.

Acquiring PTC would broaden Schneider’s industrial software business, placing it in a stronger position to pursue opportunities tied to that demand.

The agreement underscores the scale of Schneider’s ambitions in the sector. The company is seeking to capitalize on the accelerating shift toward digital technologies across industry.