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Euronews
Euronews
Doloresz Katanich

Schneider Electric shares plunge on record $22.6bn PTC deal

PTC Schneider Schneider Electric United States Boston

Schneider Electric, one of Europe's most valuable companies, saw its shares plunge after confirming an agreement to buy US-based industrial design software company PTC.

The deal is expected to be the largest acquisition in Schneider Electric's history, as the company seeks to expand its industrial AI capabilities using product and engineering data.

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