Schneider Electric to acquire PTC in $22.6bn deal
The acquisition of PTC represents an important step forward in Schneider Electric’s ambition to lead the new era of energy and industrial intelligence
06 October, 2026
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Schneider Electric has agreed to acquire US industrial software company PTC in an all-cash transaction valuing the company’s equity at about $22.6bn (EUR20.1bn), as the French group expands its industrial software and artificial intelligence business.
Under the agreement, PTC shareholders will receive $205 per share in cash, representing a 42.3 per cent premium to the company’s last closing price and a 46.1 per cent premium to its volume-weighted average share price over the previous 30 trading days before the announcement.
The transaction implies an enterprise value of about $23.7bn.
Schneider Electric said the acquisition would combine PTC’s product design, engineering and data management capabilities with its existing industrial software portfolio, extending its platform from product design and engineering through to operations and maintenance.
PTC provides computer-aided design, product lifecycle management, application lifecycle management and service lifecycle management software and serves more than 30,000 customers globally.
The Boston-headquartered company generated EUR2.4bn in revenue in calendar year 2025, with an adjusted EBITA margin of about 40 per cent. PTC expects revenue and annual recurring revenue to grow by about 10 per cent annually through 2029.
Schneider Electric said the combined business would increase software and services revenue to an estimated 24 per cent of group revenue on a pro forma basis, with more than 15,000 software employees serving more than 50,000 software customers.
The acquisition would also expand Schneider Electric’s addressable market in industrial software by about three times, including greater exposure to discrete and hybrid manufacturing.
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From revenue to industrial AI: How this acquisition helps Schneider Electric
Schneider Electric expects to generate EUR250m in annual run-rate cost synergies by the third year following the transaction and about EUR800m in revenue synergies.
The company said the revenue gains would come from cross-selling across the companies’ customer bases, expanded distribution channels and geographic reach, and AI-enabled joint development of digital-thread solutions.
“By connecting and contextualising data across the lifecycle of products and assets, we will create a unique digital thread for the next generation of industrial AI,” Schneider Electric chief executive Olivier Blum said.
PTC president and chief executive Neil Barua said joining Schneider Electric would give the company additional scale and resources to accelerate innovation, advance its product lifecycle strategy and expand into more markets.
Schneider Electric expects the transaction to be immediately accretive to adjusted earnings per share by low single digits, before purchase price accounting effects, in the first year of full consolidation. Including full run-rate synergies, it expects the transaction to be mid-to-high-single-digit accretive to adjusted EPS.
The approximately EUR22bn total cash consideration is secured through a fully committed bridge facility provided by Morgan Stanley and Société Générale.
Schneider Electric expects to ultimately fund the transaction through an equity issuance of about EUR5bn to EUR6bn and new debt of about EUR16bn to EUR17bn.
The equity issuance is expected to take the form of an accelerated book-building offering, while the debt is expected to be issued across several currencies.
The boards of both companies have unanimously approved the transaction.
The deal is expected to close by the third quarter of 2027, subject to customary closing conditions, including approval by holders of at least a majority of PTC’s outstanding shares and required regulatory approvals.
PTC’s board has recommended that shareholders approve the merger agreement.



















