The technology conglomerate Schneider Electric is continuing its acquisition spree with the purchase of the U.S. software provider PTC.
With $PTC (+0%) it aims to $SU (+0,37%) strengthen its footprint in product design, engineering, and data management. The merged company is expected to reduce annual costs by 250 million euros starting in the third year, and Schneider anticipates 800 million euros in revenue synergies.
Acquisition spree —> $SLYG (+1,76%) and now $PTC (+0%)
Would you $SU (+0,37%) ? Or maybe buy more later?
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