Schneider Electric to acquire PTC for $22.6 billion
Schneider Electric plans to buy PTC, a U.S. industrial software maker, for $22.6 billion in cash. The deal values PTC at a 42% premium over its recent price. Schneider, known for energy equipment and software, will take on up to $19 billion in new debt and issue new shares. The acquisition is meant to expand Schneider’s reach into design and industrial software, as software firms face pressure from AI advances and lower margins.
- PTC specializes in industrial and design software
- Deal is all-cash, at a 42% share price premium
- Schneider will assume $19 billion in debt for the buy
- PTC has 7,000 employees and 30,000 clients
- Deal triggered a dip in Schneider’s stock price
Sources covering this
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