Schneider Electric signs deal to acquire PTC for $205 per share

Schneider Electric has signed a definitive agreement to acquire PTC Inc. in an all-cash transaction valued at approximately $22.6 billion. The deal, announced on October 5, 2026, values PTC at $205 per share, representing a 42.3% premium to the company's last closing price before the announcement. The implied enterprise value stands at $23.7 billion.

Schneider Electric, a global energy technology leader based in Rueil-Malmaison, France, described the acquisition as a step toward leading the era of Energy and Industrial Intelligence. Olivier Blum, Chief Executive Officer of Schneider Electric, stated that the combination creates an industrial software and AI powerhouse bridging the physical and digital worlds. He noted that the deal connects data across the lifecycle of products and assets, aiming to help customers optimize systems from design to maintenance.

Neil Barua, President and CEO of PTC, said the all-cash transaction reflects the strength of PTC's business and strategy. Barua emphasized that joining Schneider Electric provides the scale and resources needed to accelerate innovation and expand into new geographies and end markets. He described the deal as the culmination of the PTC Board's commitment to maximizing shareholder value.

PTC serves more than 30,000 customers globally with computer-aided design, product lifecycle management, application lifecycle management, and service lifecycle management capabilities. The company generated €2.4 billion in revenue in calendar year 2025 with an adjusted EBITA margin of approximately 40%. Revenue and annual recurring revenue are expected to grow by about 10% annually through 2029.

Schneider Electric expects to achieve €250 million in annual run-rate cost synergies by Year 3 and approximately €800 million in revenue synergies. The acquisition is expected to scale Schneider Electric's Software and Services revenues to an estimated 24% of Group revenues on a proforma basis. The combined entity will have more than 15,000 software employees and address over 50,000 software customers.

The transaction complements Schneider Electric's industrial AI data foundation, which includes its proposed acquisition of Cognite. The completion of the Cognite transaction remains subject to customary closing conditions, including regulatory approvals. Schneider Electric stated that adding PTC's product and engineering data fabric strengthens its Energy and Industrial Intelligence capabilities by connecting engineering intent with operational context.