The Zhitong Finance App learned that, according to a source familiar with the matter, Schneider Electric is close to reaching a deal to acquire US engineering software developer PTC (PTC.US) for more than 20 billion US dollars. The person familiar with the matter said that the deal could be announced as soon as Monday morning, adding that negotiations between the two companies are still ongoing, and it is currently uncertain that the deal will eventually be reached.

The Zhitong Finance App learned that, according to a source familiar with the matter, Schneider Electric is close to reaching a deal to acquire US engineering software developer PTC (PTC.US) for more than 20 billion US dollars. The person familiar with the matter said that the deal could be announced as soon as Monday morning, adding that negotiations between the two companies are still ongoing, and it is currently uncertain that the deal will eventually be reached.