Archive · 5 Oct 2026
Schneider Electric in Advanced Talks for $20 Billion PTC Deal
Schneider Electric is a French company that sells energy and technology products.
It is talking with PTC, a US software company, about buying it for nearly $20 billion.
The companies have not confirmed a deal, and the talks could still fall through.
PTC makes software that helps people design products and plan engineering work.
Buying PTC would give Schneider Electric more tools for industrial software.
It would also be Schneider Electric’s biggest purchase so far.
The company has recently announced plans to buy two other technology businesses.
The Financial Times said an announcement might come by Monday.
Schneider Electric is in advanced talks to acquire US-based software company PTC for nearly $20 billion.
The Financial Times reported on October 4 that an announcement could come by Monday, but discussions were ongoing and a deal was not certain.
The acquisition would be Schneider Electric’s largest, surpassing its $11 billion takeover of Aveva in 2023.
PTC’s design and engineering software would expand Schneider Electric’s industrial software portfolio.
The talks follow Schneider Electric’s announced plans to acquire Cognite for $3.1 billion and Shelly Group for $1.4 billion.
- Who
- Schneider Electric and US-based software company PTC.
- What
- They are in advanced talks about a potential acquisition of PTC for nearly $20 billion.
- When
- The development was reported on October 4; an announcement was said to be possible by Monday.
- Where
- Schneider Electric is based in France; PTC is based in the United States.
- Why
- The acquisition would expand Schneider Electric’s industrial software portfolio and presence.
- Potential deal value
- Nearly $20 billion
- Reported status
- Advanced talks; discussions were ongoing and a deal was not certain
- Schneider Electric's largest previous acquisition
- Its $11 billion takeover of Aveva in 2023
- PTC expected 2026 revenue
- $2.75 billion
- Cognite deal announced by Schneider Electric
- $3.1 billion, in June
- Shelly Group acquisition plan
- $1.4 billion, announced in September
- Data centre-related services
- About a quarter of Schneider Electric's sales