Schneider Electric in advanced talks to buy PTC for ~$20B

Schneider Electric is in advanced talks to acquire US engineering software firm PTC for about $20 billion, according to sources. The deal would be the French group's largest acquisition and expand its industrial software capabilities, with an announcement possibly as soon as Monday.

• Deal valued at about $20B, Schneider Electric's largest acquisition
• PTC is a US engineering software firm
• An agreement could be announced as soon as Monday
• Deal would expand Schneider Electric's industrial software business