07:23 AM EDT, 04/19/2024 (MT Newswires) -- Schneider Electric (SNDR) said Friday it is in talks with Bentley Systems for a potential strategic transaction, responding to media reports of the company exploring options including a merger with Bentley.

Schneider did not further elaborate on the transaction. It added that its discussions with Bentley are still in the early stages and there is no certainty of a deal.

Multiple media outlets reported Thursday that Schneider and Bentley are discussing a potential merger that could be worth over $15 billion.