By Adria Calatayud


Schneider Electric confirmed it is in talks with engineering-software company Bentley Systems about a potential strategic transaction.

The confirmation from the French industrial giant came after The Wall Street Journal reported Schneider was in talks to take control of Bentley in a deal that could be worth more than $15 billion.

"Discussions remain at a preliminary stage regarding a potential transaction, and there is no certainty that any transaction will be agreed upon," Schneider said.


Write to Adria Calatayud at adria.calatayud@wsj.com


(END) Dow Jones Newswires

04-19-24 0308ET