Schneider Electric Agrees to $22.6 Billion Cash Acquisition of Design Software Company
1 report, 1 independent
Updated Fri 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Schneider Electric agreed to pay $22.6 billion in cash for a design software company [PTC Inc.]. The report notes that the company being acquired is the one whose revenue fell 6.80% in the most recent quarter, while Autodesk grew 16.10%.
From insidermonkey.com
Why it matters
The acquisition involves a major cash payment in the software industry. The report notes that Autodesk maintains a gross margin of 92.50% compared to PTC's 84.50%.
From insidermonkey.com
Who's involved
- Schneider ElectricAcquirer of the design software company
- AutodeskCo-mentioned in the software industry
- AdobeCompetitor in the software market
- EsriGeospatial software and SaaS company
- NasdaqStock exchange where Autodesk trades
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
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The entities involved
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Schneider Electric
France-based multinational corporation
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Autodesk
American company