loading
loading
Listen to this article in summarized format The deal comes as software companies seek to secure revenue streams amid concerns that advances in artificial intelligence could offer competing services at lower costs. According to the Reuters report, Schneider manufactures equipment for energy systems, including data-centre cooling technology, and provides product-management software. PTC specialises in computer-aided design and software used in industrial processes. The acquisition “creates a leading, scaled, open and interoperable industrial software and AI franchise,” Schneider said, adding that PTC’s board had approved an offer representing a 42% premium to the company’s most recent share price. “We gain substantial scale and resources to accelerate innovation, advance our Intelligent Product Lifecycle vision, and expand our business into more geographies and end markets to serve more customers,” PTC Chief Executive Neil Barua said in the statement. Boston-based PTC employs about 7,000 people, serves around 30,000 customers and generates nearly half its revenue from the Americas. Schneider plans to take on as much as €17 billion ($19 billion) in debt and issue up to €6 billion in new shares to finance the transaction. The funding plan weighed on Schneider’s stock, which fell more than 8% in early Paris trading. Jefferies analysts in a research note said, "AI disruption fears are still weighing on software valuations, which allows acquiring PTC at a decade-low valuation." (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-06 02:57