Schneider Electric has agreed to acquire Boston-based industrial software company PTC in an all-cash transaction valuing PTC’s equity at approximately $22.6 billion. The deal would add PTC’s product design, engineering and data-management software to Schneider Electric’s industrial technology portfolio.
Key Takeaways
- Schneider Electric agreed to acquire PTC for approximately $22.6 billion in equity value
- The all-cash offer values PTC at about $23.7 billion on an enterprise-value basis
- PTC shareholders would receive $205 per share, a 42.3% premium to the company’s previous closing price
- Schneider Electric expects €250 million in annual run-rate cost synergies by the third year and approximately €800 million in revenue synergies
- The transaction is expected to close in the third quarter of 2027, subject to shareholder, regulatory and other required approvals
Schneider Electric Agrees to Acquire PTC for $22.6 Billion
The Schneider Electric PTC acquisition would bring PTC, a Boston-based industrial software company, into Schneider Electric through an all-cash transaction valuing 100% of PTC’s equity at approximately $22.6 billion.
Under the agreement, PTC shareholders would receive $205 per share in cash. The offer represents a 42.3% premium to PTC’s previous closing price and a 46.1% premium to its 30-trading-day volume-weighted average price before the announcement.
The transaction would expand Schneider Electric’s software operations by adding PTC’s capabilities in complex industrial product design, engineering and data management. The companies describe the combination as connecting software and data across the industrial lifecycle, from design and build through operation and maintenance.
All-Cash Offer Values PTC at $23.7 Billion
Although the agreed equity value is approximately $22.6 billion, the transaction implies an enterprise value of about $23.7 billion. The figures measure different aspects of the deal: equity value reflects the value assigned to PTC shareholders, while enterprise value provides a broader measure of the business value under the transaction structure.
The transaction is entirely in cash, giving PTC shareholders a fixed consideration of $205 per share rather than payment tied to Schneider Electric shares. The size of the deal places it among the larger technology transactions announced in 2026, alongside NVIDIA’s Hugging Face acquisition.
Schneider Electric plans to finance the acquisition through a combination of new equity and debt. Completion remains subject to the required approvals and closing conditions.
PTC Software Expands Schneider Electric’s Industrial Portfolio
PTC develops software used for complex industrial product design, engineering and data management. Its portfolio supports activities across the product lifecycle, giving Schneider Electric additional software capabilities alongside its existing energy management and industrial automation businesses.
The combination is intended to create a broader digital thread connecting product and machine data with industrial processes and energy systems. This strategy aligns with continued technology investment across U.S. manufacturing, where recent U.S. capital goods orders showed stronger spending on computers, electronic products and electrical equipment.
For Schneider Electric, the acquisition would deepen its exposure to recurring software revenue and extend its industrial technology offering. For PTC, the transaction would place its software business within a larger global energy and automation group.
Acquisition Includes Planned Cost and Revenue Synergies
Schneider Electric expects to achieve approximately €250 million in annual run-rate cost synergies by the third year after completion. The company also expects about €800 million in revenue synergies from cross-selling, broader channel and market access, geographic expansion and joint development of AI-enabled industrial software.
The cost-synergy target represents the anticipated annual level once planned integration measures are fully implemented, rather than a first-year cash saving. The revenue-synergy estimate reflects the additional sales opportunities Schneider Electric expects the combined businesses to generate over time.
Together, the purchase price, financing plan and synergy targets outline the financial framework Schneider Electric has set for integrating PTC after closing.
Transaction Targets Third-Quarter 2027 Completion
The Schneider Electric PTC acquisition is expected to close in the third quarter of 2027. The transaction remains subject to approval by PTC shareholders, required regulatory clearances and other customary closing conditions.
Until those conditions are satisfied and the deal closes, PTC remains a separate company. If completed as planned, its software operations would become part of Schneider Electric’s broader industrial technology business.
The closing timeline also sets the starting point for Schneider Electric’s integration plans and its target of reaching approximately €250 million in annual run-rate cost synergies by the third year after completion.
Frequently Asked Questions
How much is Schneider Electric paying for PTC?
Schneider Electric has agreed to acquire PTC for approximately $22.6 billion in equity value, or $205 per share in cash. The transaction implies an enterprise value of about $23.7 billion.
What does PTC do?
PTC is a Boston-based industrial software company focused on complex product design, engineering and data management. Its software supports companies across multiple stages of the industrial product lifecycle.
Why is Schneider Electric acquiring PTC?
The acquisition would expand Schneider Electric’s industrial software portfolio and connect PTC’s product and engineering software with Schneider Electric’s energy management, automation and digital operations.
When is the Schneider Electric PTC acquisition expected to close?
The transaction is expected to close in the third quarter of 2027, subject to PTC shareholder approval, regulatory clearances and other customary closing conditions.
What synergies does Schneider Electric expect from the PTC acquisition?
Schneider Electric expects approximately €250 million in annual run-rate cost synergies by the third year after completion and approximately €800 million in revenue synergies from cross-selling, expanded market access and joint software development.
