Schneider Electric to buy US software firm PTC in $22.6 billion deal
SU•Schneider Electric agreed to acquire PTC for about $22.6 billion, offering $205 per share, a 42.3% premium to PTC’s last close. The deal is expected to close by the third quarter of 2027, subject to shareholder and regulatory approvals.
1. Deal expands software business
Schneider Electric agreed to buy PTC in its largest-ever deal, adding the US company’s product-design and lifecycle-management software to its industrial software and AI business. Schneider CEO Olivier Blum said PTC’s engineering and design data would strengthen the company’s ability to deploy AI across customers’ industrial operations. The combination is expected to lift software-as-a-service revenue to about 24% of group sales.
2. Financing and terms
The $205-per-share offer implies an enterprise value of $23.7 billion for PTC and a 42.3% premium to its last closing price. Schneider plans to fund the transaction with €5 billion to €6 billion in new shares and €16 billion to €17 billion in new debt. It expects €250 million in annual run-rate cost savings by the third year after closing, alongside about €800 million in revenue synergies.
3. Shares and closing
Schneider shares fell nearly 10% in early Paris trading as investors weighed the deal’s size, the premium and uncertainty about software valuations amid AI-related concerns. PTC shares rose 34.4% in US premarket trading. The acquisition is expected to close by the third quarter of 2027, subject to approvals from PTC shareholders and regulators.
