Schneider Electric nears deal to buy software group PTC for $20bn

Schneider Electric is close to finalizing a $20 billion acquisition of software company PTC, marking the French conglomerate's largest deal to date. This move aims to bolster Schneider Electric's offerings in the manufacturing sector by integrating PTC's advanced software solutions. The acquisition is expected to create more powerful, integrated products that cater to the evolving needs of manufacturers, highlighting a strategic push towards digital transformation in the industrial sector. For more details, check out the full article on the Financial Times website.