The Schneider will pay $205 per PTC share, representing a 42.3% premium to PTC’s previous closing price and a 46.1% premium to its 30-trading-day volume-weighted average price. The transaction carries an implied enterprise value of $23.7 billion.
Schneider Electric has agreed to acquire industrial software company PTC Inc. for $22.6 billion in cash, in a deal that would significantly expand the French energy technology company’s software and artificial intelligence capabilities.
PTC’s board has unanimously approved the deal and will recommend that shareholders vote in favor of the transaction.
Schneider Electric CEO Olivier Blum said the acquisition would create what he described as “the industry’s most complete Software & AI powerhouse” by connecting data across the full lifecycle of industrial products and assets.
PTC President and CEO Neil Barua said joining Schneider would provide the company with the scale and resources needed to expand into additional markets and geographies.
Expanding Schneider’s Software Business
Boston-based PTC serves more than 30,000 customers worldwide with software used for industrial product design, engineering and data management. Its portfolio includes computer-aided design, product lifecycle management and service lifecycle management tools.
PTC generated approximately $2.74 billion in revenue for the year ended September 30, 2025.
Following the acquisition, Schneider expects software and services to represent about 24% of its total revenue. The company forecasts $250 million in annual cost savings by the third year after closing, along with approximately $800 million in revenue synergies.
Schneider plans to finance the roughly $22 billion cash consideration through a combination of approximately $5 billion to $6 billion in new equity and $16 billion to $17 billion in additional debt.
Investors reacted sharply to the announcement. Schneider shares fell more than 8% during European morning trading, while PTC shares rose about 35% in U.S. premarket trading.
Schneider Builds Its Industrial Technology Portfolio
The PTC transaction is the largest in a series of acquisitions Schneider has pursued this year as it expands further into industrial software and digital technologies.
In July, Schneider agreed to buy industrial data and AI software company Cognite for $3.1 billion in cash. That transaction is still awaiting regulatory approval.
Schneider also launched an approximately $1.35 billion takeover bid for smart-device manufacturer Shelly Group last month, according to The Wall Street Journal.
PTC’s shares had fallen roughly 17% between the beginning of 2026 and the Friday before the acquisition announcement. Concerns about AI’s potential impact on the broader software industry had weighed on the company’s valuation, prompting PTC to accelerate its share repurchase program.
The boards of Schneider Electric and PTC unanimously approved the transaction. The acquisition is expected to close by the third quarter of 2027, subject to approval from PTC shareholders and regulatory authorities.
