Schneider Electric to buy industrial software group PTC for $23.7B

I always thought of Schneider Electric as a German-based company, but apparently, it's French :o

On the more interesting side, they've been piling on acquisitions recently in the industrial space (Cognite Holding: data and AI for industry).

I'm guessing they're gearing up for a more aggressive fight in the industrial space with Autodesk, Siemens, SAP, and Dassault.

Market doesn't seem to be taking this very well, Schneider Electric is down 9% so it's a mixed bag: execution in the industrial sector is hard, and Schneider Electric doesn't have a reputation as a smooth "operator" when it comes to integration