Schneider Electric

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Schneider Electric signs $22.6 billion deal to acquire PTC

Acquirer in the PTC deal; has raised €6.0 billion in equity and €6.0 billion in bonds to help fund it

Schneider Electric agreed October 5 to buy PTC, the Boston industrial software firm, for $22.6 billion in cash, or $205 a share. It is the largest acquisition in Schneider's history and a bet that software will drive its data center business.

Updated 10 hours ago

Wärtsilä supplies 282 MW onsite power plant as data centers bypass the grid queue

Built World

As of October 2026: Partner in the Generator-to-Chip approach with Wärtsilä

Wärtsilä booked a 282 MW order to power a US data center with 15 natural gas engines, set for delivery in 2028 and full operation in 2029. The company is sold out for 2028 and now selling capacity for 2029 and 2030 as AI demand outstrips grid connections.

Updated Oct 8