Europe · Business news · Corporate · 05 Oct 2026
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France's Schneider Electric signed an agreement on Monday to buy Boston-based industrial software maker PTC for $205 a share in cash, valuing its equity at $22.6 billion and the company, with debt, at $23.7 billion. The price is 42.3% above PTC's Friday close of $144.03. PTC's board has approved the deal; it needs shareholder and regulatory approval and is planned to close by the third quarter of 2027. It is Schneider's largest acquisition, ahead of Aveva, and follows its $3.1 billion purchase of industrial AI firm Cognite in June.
This confirms the weekend's reports at a higher figure than the roughly $20 billion first mentioned. Schneider's shares fell about 9% in Paris as investors weighed the cost: the company projects about €250 million of annual savings by the third year, against a purchase price of $23.7 billion. PTC shareholders receive the premium in cash. PTC sells design and product-lifecycle software to more than 30,000 manufacturers, which puts Schneider in direct competition with Siemens, Dassault Systèmes and Autodesk in engineering software. Schneider has moved its third-quarter revenue release forward to October 16.
Reported by The Next Web — “Schneider Electric to buy US software maker PTC for $22.6bn in cash” ↗ on 05 Oct 2026.
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