Schneider Electric is currently in discussions to acquire control of Bentley Systems, a prominent engineering-software company. The potential deal, valued at over $15 billion, would involve merging Schneider's software business with Bentley Systems, which would continue to operate as a public entity. This acquisition could represent one of the largest takeovers of an American firm by a French corporation. Multiple sources, including Reuters and The Wall Street Journal, have confirmed the ongoing talks, highlighting the significant interest in Bentley Systems from various parties. Additionally, Citi has discussed the deal's implications, and Bentley Systems' stock has experienced a minor change, decreasing by 0.1% pre-market.
"Among the companies that have expressed interest in a deal with Bentley are $SCHN and design software firm $CDNS" https://t.co/6kKVBNWxsZ
$BSY (-0.1% pre) Schneider Electric in Talks to Take Control of Bentley Systems - WSJ https://t.co/QejWGCV66S
Schneider confirms that it is in the talks with Bentley on a deal, confirming our scoop from yesterday. @reutersdeals first to report that Bentley was exploring options and that Schneider was one of the parties in talks with the company on a deal. W/@MilanaVinn $BSY https://t.co/6bFEXTwMGS