EconomySchneider Electric shares plunge after record $22.6bn PTC deal

French energy technology group Schneider Electric has agreed to buy Boston-based PTC for $22.6 billion (€20.1 billion), aiming to expand its industrial AI business. The company’s shares plunged on Monday after the announcement.

Schneider ElectricPTCacquisitionindustrial AI

Eeuronews★★★☆☆2026-10-05 11:04Original