Business

Software Deal at Bargain Valuation

Updated 2026-10-05 08:10 UTC 1 source Neutral

Schneider Electric, a company that has thrived from AI investments, agreed to acquire an industrial design software firm for $23 billion at a significantly lower valuation than usual.

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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 valuation.

2026-10-05 07:53 UTC