WS #15645
Schneider Electric has agreed to acquire industrial software company PTC for approximately $22.6 billion. This massive deal underscores the ongoing consolidation trend in the industrial software sector, as hardware manufacturers seek to bundle software solutions to increase recurring revenue and customer stickiness. It signals strong M&A activity in the tech-industrial crossover space.
Industrial Software Consolidation
Schneider Electric has agreed to acquire industrial software company PTC for approximately $22.6 billion. This massive deal underscores the ongoing consolidation trend in the industrial software sector, as hardware manufacturers seek to bundle software solutions to increase recurring revenue and customer stickiness. It signals strong M&A activity in the tech-industrial crossover space.