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Schneider Electric to buy industrial software group PTC for $23.7bn

French energy technology group Schneider Electric has agreed to acquire Boston-based industrial software provider PTC. Early reports indicated a deal near $20 billion, while definitive agreement details cite an all-cash transaction valued at $22.6 billion, with some reports citing the purchase price as high as $23.7 billion. Schneider Electric will pay $205 a share for PTC, representing a 42 percent premium in its largest acquisition to date. The transaction is designed to expand the French company's industrial AI business and engineering software capabilities. The acquisition is scheduled to close by the third quarter of 2027.

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  • ✓ French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based engineering software provider PTC.
  • ✓ Schneider Electric will pay $205 a share for PTC, marking a 42 percent premium in its largest acquisition.
  • ✓ The transaction is due to close by Q3 2027.
  • ✓ The deal will be financed through an issuance of new shares worth 5 billion to 6 billion euros under an existing shareholder authorization.
🛡️ Source Corroboration: 15 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Schneider Electric signed a definitive agreement to acquire PTC after initial reports indicated a pending transaction.

Live updates

  1. Schneider Electric Agrees to Buy PTC for Billions

    French energy technology group Schneider Electric has agreed to acquire Boston-based industrial software provider PTC. Early reports indicated a deal near $20 billion, while definitive agreement details cite an all-cash transaction valued at $22.6 billion, with some reports citing the purchase price as high as $23.7 billion. Schneider Electric will pay $205 a share for PTC, representing a 42 percent premium in its largest acquisition to date. The transaction is designed to expand the French company's industrial AI business and engineering software capabilities. The acquisition is scheduled to close by the third quarter of 2027.

    Why it matters

    The acquisition represents a massive push by Schneider Electric into industrial software and data center expansion amid growing market demand. The transaction will be financed partly through an issuance of new shares worth 5 billion to 6 billion euros under an existing shareholder authorization. Following the transaction announcement, shares of the French energy technology group plummeted.

    What is confirmed

    • French energy technology group Schneider Electric has signed a definitive agreement to acquire Boston-based engineering software provider PTC.
    • Schneider Electric will pay $205 a share for PTC, marking a 42 percent premium in its largest acquisition.
    • The transaction is due to close by Q3 2027.
    • The deal will be financed through an issuance of new shares worth 5 billion to 6 billion euros under an existing shareholder authorization.

    Still unconfirmed

    • The acquisition is valued at $23.7 billion according to some reports, while other definitive reports state the equity value is $22.6 billion.

    What to watch next

    • Completion of the share issuance worth 5 billion to 6 billion euros
    • Regulatory approvals and closing milestones ahead of the Q3 2027 target date
    Sources used for this update (15)
    1. Bloomberg.com — Schneider Said to Near Deal to Buy PTC for More Than $20 Billion
    2. Reuters — France's Schneider Electric nears $20 billion deal to acquire US software group PTC, source says
    3. Financial Times — Schneider Electric nears deal to buy industrial software group PTC for $20bn
    4. Yahoo Finance — Schneider Electric close to $20 bln deal of U.S. software maker PTC - report
    5. Investing.com — Schneider Electric to buy U.S. software maker PTC for $22.6 bln
    6. www.euronews.com — Schneider Electric shares plunge on record $22.6bn PTC deal
    7. www.marketscreener.com — Genmab in Good Health, Schneider Lacks Energy | MarketScreener
    8. www.siliconrepublic.com — Schneider Electric to acquire PTC for $22.6bn - Silicon Republic
    9. fnarena.com — The Overnight Report: The Inverse Bond Trade
    10. thenextweb.com — Schneider Electric to buy US software maker PTC for $22.6bn in cash - TNW ,The heart of tech™
    11. automationnews.com — Schneider Electric agrees $23.7BN acquisition of PTC
    12. siliconangle.com — Schneider Electric to buy engineering software giant PTC for ...
    confidence 95%
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