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SearchThe all-cash offer of $205 per share represents a 42.3% premium and would be Schneider’s largest acquisition. Closing is expected in the third quarter of 2027, subject to regulatory approvals and a vote by PTC shareholders.
Schneider Electric has agreed to buy US industrial software company PTC for $22.6 billion in cash. The offer of $205 per share represents a 42.3% premium over PTC’s last closing price before the announcement. Including the company’s debt, the implied enterprise value amounts to approximately $23.7 billion.
The deal would be Schneider’s largest acquisition to date. The French group aims to expand its industrial software and artificial intelligence business with tools that help companies design, manufacture, operate, and maintain products. PTC, headquartered in Boston, serves more than 30,000 customers.
The acquisition brings together PTC’s capabilities in product design and engineering with Schneider’s business in energy and industrial technology. The French company says the combination will make it possible to create a broader, interoperable industrial software and AI offering that draws on data from different stages of product life cycles.
Olivier Blum, chief executive of Schneider Electric, presented the acquisition as a step forward in the group’s ambition to lead a new era of energy and industrial intelligence. Neil Barua, PTC’s chief executive, said the company would gain greater scale and resources to accelerate innovation and expand its geographic and sectoral reach. These are objectives stated by the executives; the announcement does not detail specific changes to PTC’s products, organization, or customer terms.
Schneider expects to finance the deal with up to €17 billion in new debt and up to €6 billion in new shares. It also estimates annual savings of €250 million by the third year after closing and around €800 million in additional revenue from combining the businesses. These are company estimates, not results already achieved.
The company also anticipates pausing share buybacks in 2027 and 2028 before accelerating its existing program, which has a planned total value of between €2.5 billion and €3.5 billion, with completion before the end of 2030. The published information also includes Schneider’s projections for the deal’s impact on its revenue, margins, and earnings per share; their realization will depend, among other factors, on closing and integration.
After the agreement was announced, Schneider shares fell by more than 9% during the morning in Paris, according to coverage of the day. That movement reflects the immediate market reaction and does not, by itself, determine the deal’s future performance.
PTC’s board approved the transaction and will submit it to its shareholders. Closing is expected in the third quarter of 2027, but depends on the required regulatory approvals and support from PTC shareholders representing at least a majority of the shares outstanding. Until these conditions are met, the acquisition is not complete.
The announcement therefore sets out the deal’s financial terms and strategic direction, but does not yet establish how the companies will be integrated or what operational changes it will entail. Those aspects were not specified in the information released.
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