This $23 billion software deal was struck at a decade-low valuation, as AI winner takes out loser
Schneider Electric, the maker of electrical equipment that has thrived from the AI build-out, on Monday struck a $23 billion deal to buy an industrial design software company at a bargain-basement val
Read Full Article on MarketWatchAI SUMMARY
# Schneider Electric Acquires Software Company at Decade-Low Valuation Schneider Electric, capitalizing on its strong AI-driven market position, announced a $23 billion acquisition of an industrial design software company at valuation multiples not seen in over a decade, allowing the electrical equipment maker to consolidate its dominance in the industrial automation sector while purchasing a struggling competitor at depressed prices.
MENTIONED STOCKS
More Top Stories News
Corporate America has never been this upbeat about future profits
October can be a scary month for stocks. Here’s what investors need to watch this year.
Fed minutes coming this week could give markets important clues about future rate hikes
Switching jobs to get higher pay works best in these industries
You might be shocked by how many stocks are in a bear market right now
Content sourced from MarketWatch. Not financial advice.