2 hrs ago
Schneider Electric to Buy PTC for $22.6 Billion
Schneider Electric is buying a software company called PTC.
The deal is worth about $22.6 billion.
Schneider will pay $205 for each share of PTC.
That price is more than 40% higher than PTC’s previous closing price.
The companies expect the sale to be completed by the third quarter of 2027.
Schneider says PTC will add to its industrial software and artificial intelligence offerings.
Schneider has also made other acquisitions as it expands in this area.
The deal’s financing is supported by Morgan Stanley and Société Générale.
Schneider Electric agreed to acquire PTC for about $22.6 billion in an all-cash deal.
The offer is $205 per share, more than 40% above PTC’s last closing price.
The companies expect the transaction to close by the third quarter of 2027.
Schneider said the purchase will expand its industrial software and AI-powered offerings.
The purchase is backed by a bridge facility provided by Morgan Stanley and Société Générale.
- Who
- Schneider Electric and PTC
- What
- Schneider Electric agreed to buy PTC for about $22.6 billion in cash.
- Where
- PTC is based in Boston, according to the article.
- When
- Announced October 5, 2026; expected to close by the third quarter of 2027.
- Why
- Schneider aims to expand its industrial software and AI-powered offerings.
Key facts
- Buyer
- Schneider Electric SE
- Company being acquired
- PTC Inc.
- Deal value
- About $22.6 billion
- Offer price
- $205 per share, in cash
- Premium
- More than 40% above PTC’s last closing price
- Expected closing
- By the third quarter of 2027
- Financing
- A bridge facility provided by Morgan Stanley and Société Générale
Quotes
Olivier Blum
Chief executive officer of Schneider Electric
“Our strategy is to grow Schneider organically as much as possible, but every time we find great tech companies that help us to accelerate that strategy of course we will look at it”
thehindubusinessline.com
Sources
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