Schneider Electric signed a definitive agreement to acquire PTC for $22.6bn. The deal values PTC at $205 per share in cash. It aims to expand Schneider’s industrial AI business. PTC’s board has approved the offer. Schneider will fund it with up to €17bn in debt and €6bn in new shares. The company expects €250m in annual cost savings by year three. It also forecasts €800m in additional revenue from the combination. Schneider’s shares fell over 9% after the announcement. The deal is subject to shareholder and regulatory approvals. Closure is targeted for the third quarter of 2027.
What changed
Schneider Electric and PTC operated as separate companies.
What it unlocks
Combining industrial software and AI to design, manufacture, operate and maintain products more efficiently.
- $22.6bn acquisition price
- $205 per share
- €250m annual cost savings by year three
- €800m additional revenue expected
What you need to act on it
- PTC shareholder approval
- regulatory approvals
- deal expected to close by Q3 2027
Sources