France’s Schneider Electric nears $20 billion deal to buy US software group PTC, FT reports

Oct 4 (Reuters) – France’s Schneider Electric is nearing a deal to buy US software group PTC for about $20 billion, the Financial Times reported on Sunday citing people with knowledge of the matter.

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Reuters could not immediately verify the FT report.

(Reporting by Harishankar Manoj in Bengaluru; Editing by Cynthia Osterman)

Copyright Reuters or USA Today via Reuters Connect

This story was originally published October 4, 2026 at 12:45 PM.

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