10月5日：法国施耐德电气周一达成了其历史上最大规模的交易，同意以全现金方式收购PTC，该美国软件公司的股权估值约为226亿美元，公司在声明中表示。
Oct 5 : France's Schneider Electric struck its biggest deal ever on Monday, agreeing to buy PTC in an all-cash deal valuing the US software company's equity at around $22.6 billion, it said in a statement.
每股205美元的报价意味着总部位于波士顿的PTC企业价值为237亿美元，较其上一收盘价溢价42.3%。
The $205-per-share offer implies an enterprise value of $23.7 billion for Boston-based PTC and represents a 42.3 per cent premium to its last closing price.
在市场开盘前，这家法国工程公司的股价在Tradegate平台下跌4.7%，投资者在消化此次收购规模的同时，担忧施耐德将为一家面临AI驱动估值压力和增长前景不确定的软件业务支付巨额溢价。
The French engineering company's shares were down 4.7 per cent on Tradegate before the market opened, as investors digested the size of the acquisition alongside concerns that Schneider would be paying a substantial premium for a software business facing AI-driven valuation pressure and uncertain growth prospects.
“欧洲投资者通常最初不欢迎大规模并购，尽管施耐德电气的交易通常在战略上被证明是明智的，即使从估值角度来看可能有争议，”摩根大通分析师在致投资者的报告中表示。
"Large-scale M&A is typically unwelcome in the first instance by European investors, although Schneider Electric's deals have typically proven strategically astute, if debatable from a valuation standpoint," J.P. Morgan analysts said in a note to investors.
根据LSEG数据，这笔交易是施耐德历史上最大规模的收购，施耐德是法国市值第三大的上市公司。
The transaction is the largest-ever acquisition in the history of Schneider, France's third-highest-valued listed company by market capitalisation, according to LSEG data.
施耐德表示，此次收购将围绕开放且互操作的系统，打造一个规模化的工业软件和AI业务，预计在交易完成后第三年实现2.5亿欧元的年度运行成本节约，以及约8亿欧元的预期收入协同效应。
Schneider said the acquisition would create a scaled industrial software and AI business built around open and interoperable systems, which it expects to generate €250 million in annual run-rate cost savings by the third year after closing, alongside about €800 million in expected revenue synergies.
此次交易延续了施耐德在软件收购方面的推进，该公司于6月同意收购Cognite Holding，后者是一家私营的AI软件和工业数据提供商。
The deal continues Schneider's push into software acquisitions, having agreed to buy Cognite Holding, a privately held provider of AI software and industrial data, in June.
交易将通过股权和新增债务相结合的方式融资，预计于2027年第三季度完成。
It will be financed through a combination of equity and new debt and is expected to be closed in the third quarter of 2027.
施耐德曾以熔断器和断路器等工业元件闻名，如今构建数据中心的骨干网络，供应从冷却机组、服务器机架到关键配电设备的一切产品。
Schneider, once known primarily for industrial components like fuses and circuit breakers, now builds the backbone of data centres, supplying everything from cooling units and server racks to critical power distribution equipment.
数据中心的旺盛需求，尤其是来自美国的需求，正在推动施耐德的盈利增长，提供了一个不断增长的收入来源，有助于抵消部分传统电气设备市场的疲软。
The booming demand for data centres, particularly from the United States, is driving Schneider's earnings, offering a growing source of revenue helping offset weakness in some traditional electrical-equipment markets.
PTC 提供跨多个行业的产品设计、制造和服务软件解决方案，也受益于其 AI 驱动工具不断增长的需求。
PTC, which provides software solutions for designing, manufacturing and servicing products across multiple sectors, has also benefited from growing demand for its AI-powered tools.