Schneider Electric Acquires PTC for $22.6 Billion in Cash

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“The acquisition of PTC represents an important step forward in our ambition to lead the new era of Energy and Industrial Intelligence. Together, we are creating the industry’s most complete Software & AI powerhouse and highest-quality portfolio bridging the physical and digital worlds. By connecting and contextualizing data across the lifecycle of products and assets, we will create a unique digital thread for the next generation of Industrial AI, helping customers to optimize their systems with greater intelligence from design and build to operate and maintain.” - Olivier Blum, Chief Executive Officer - Schneider Electric

October 2026 : To redraw the boundaries of industrial technology, Schneider Electric has recently announced a definitive agreement to acquire PTC Inc. in an all-cash transaction valued at $205 per share. The deal pins PTC’s equity value at approximately $22.6 billion (€20.1 billion), translating to an implied Enterprise Value of $23.7 billion (€21.1 billion).

The takeover represents a 42.3% premium over PTC’s last closing price, signaling a decisive bid by Schneider Electric to build an unprecedented powerhouse in industrial software and AI.

By fusing PTC’s deep domain expertise in computer-aided design (CAD), product lifecycle management (PLM), and engineering data fabric with its own extensive process and energy data infrastructure - alongside AVEVA and the pending Cognite acquisition - Schneider Electric is constructing a seamless "digital thread." This unified data foundation connects upstream product design directly to real-world operations, shop-floor control, and energy optimization.

Highlighting the vision behind the deal, Olivier Blum, Chief Executive Officer of Schneider Electric, said: “The acquisition of PTC represents an important step forward in our ambition to lead the new era of Energy and Industrial Intelligence. Together, we are creating the industry’s most complete Software & AI powerhouse and highest-quality portfolio bridging the physical and digital worlds. By connecting and contextualizing data across the lifecycle of products and assets, we will create a unique digital thread for the next generation of Industrial AI, helping customers to optimize their systems with greater intelligence from design and build to operate and maintain. Neil Barua and the PTC teams have established an outstanding track record of growth, innovation and customer success. At Schneider Electric, we have built a strong leadership position in industrial software with AVEVA under the leadership of Caspar Herzberg. Together, with Cognite’s unique AI capabilities, we will accelerate innovation, unlock new opportunities and create long-term value for our customers, employees and shareholders as we shape the future of Energy and Industrial Intelligence.”

The strategic rationale extends beyond portfolio expansion. The combined entity expands Schneider Electric’s addressable industrial software market by roughly three times, particularly strengthening its footprint in discrete and hybrid manufacturing. Economically, the deal targets €250 million in annual run-rate cost synergies by Year 3 and approximately €800 million in revenue synergies, while scaling Software & Services to an estimated 24% of Group revenues on a proforma basis.

Reflecting on the milestone, Neil Barua, President and CEO of PTC, said: “PTC provides the software the world’s leading manufacturers and product companies rely on to design, build, and maintain great products and unlock more value from their product data in an increasingly AI-driven world. Joining Schneider Electric is an incredible opportunity to elevate the scope and impact of what we deliver for our customers globally. We gain substantial scale and resources to accelerate innovation, advance our Intelligent Product Lifecycle vision, and expand our business into more geographies and end markets to serve more customers. This all-cash transaction is the culmination of the PTC Board’s commitment to maximize shareholder value. It delivers certain and compelling value to our shareholders and reflects the strength of PTC’s business, our strategy, and our outstanding team. I am deeply grateful to our talented and dedicated employees around the world for everything they have done to make PTC what it is today. We look forward to building on this strong foundation and beginning an exciting new chapter with Schneider Electric.”

Unanimously approved by the Boards of Directors of both companies, the transaction is expected to close by Q3 2027, subject to customary regulatory approvals and the consent of PTC shareholders.

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