Economic TimesLean R·
PTC shares soar nearly 34% after Schneider Electric agrees to $22.6 billion buyout
PTC shares surged nearly 34% on Monday after French energy and software group Schneider Electric agreed to acquire the US industrial software company for $22.6 billion in cash, Reuters reported.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 prov…
Read at Economic Times →
