Market Chatter: Schneider Electric Closes on Record $20 Billion Deal to Buy Engineering Software Provider PTC

11:23 PM EDT, 10/04/2026 (MT Newswires) -- Schneider Electric (SU.PA) is in advanced discussions to buy US engineering software provider PTC in a record $20 billion deal, London's Financial Times reported Sunday, citing people familiar with the matter. The unnamed sources said the deal could be announced as soon as Monday, noting that at the current valuation, it would mark the Paris-listed energy management and automation company's largest acquisition ever. The people cautioned that talks are still ongoing and are not guaranteed to result in a transaction. Schneider Electric and PTC did not immediately respond to requests for comments from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)