Lucie Barbier
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As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Articles
Schneider Electric to buy US software firm PTC in $22.6 billion deal
France's Schneider Electric struck its biggest deal ever on Monday, agreeing to buy US software company PTC for around $22.6 billion as it builds up its data centre business amid booming demand. However, the French engineering company's shares fell nearly 10% in early Paris trading as investors weighed the size of the acquisition, the big premium offered for the shares and the outlook for software companies' valuations amid AI-related market uncertainty.
Schneider Electric to buy US software firm PTC in $22.6 billion deal
Oct 5 (Reuters) - France's Schneider Electric struck its biggest deal ever on Monday, agreeing to buy US software company PTC for around $22.6 billion as it builds up its data centre business amid booming demand.
Schneider Electric to buy US software firm PTC in $22.6 billion deal
By Sabrina Valle, Lucie Barbier and Dimitri Rhodes Oct 5 (Reuters) - France's Schneider Electric struck its biggest deal ever on Monday, agreeing to buy US software company PTC for around $22.6 billion as it builds up its data centre business amid booming demand.
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