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Schneider Electric drops $22.6B on PTC as datacenter boom rains money on infra companies
Schneider Electric has agreed to acquire American industrial software company PTC for $22.6 billion in an all-cash deal. The acquisition aims to expand Schneider's lifecycle management and computer-aided design capabilities to better support increasingly complex and power-dense datacenter infrastructure driven by the AI boom. The transaction, which is Schneider's largest to date, is expected to close late next year pending regulatory approval.
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