Who is Schneider Electric?
In short
Schneider Electric is a French multinational corporation specialising in energy technology, automation, and digitalisation. It is currently in the news due to its agreement to acquire the US engineering software company PTC in a $22.6 billion all-cash deal.
Who they are now
The company operates as a global leader in digital automation and energy management for both industrial and domestic use. It focuses on electrification and software-driven energy solutions.
Why they are in the news
People are searching for the company following the announcement of its largest acquisition on record, which caused a significant drop in its share price after investors reacted to the deal.
An example of their work
The company is a major provider of energy management systems and industrial automation software. Its recent massive acquisition of PTC aims to strengthen its position in the engineering software market.