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Schneider Electric to Buy Software Maker PTC for $22.6 Billion

French industrial giant Schneider Electric has agreed to acquire US software maker PTC in an all-cash deal valued at $22.6 billion. The acquisition represents the largest-ever purchase for Schneider Electric, combining its energy management and data center cooling equipment with PTC's computer-aided design and industrial process software. According to the companies, the transaction aims to build a scaled, interoperable industrial software and artificial intelligence franchise. PTC shares surged following the announcement of the agreement, which positions Schneider to capture a larger share of industrial customer spending.

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  • ✓ Schneider Electric agreed to acquire PTC for $22.6 billion in an all-cash deal.
  • ✓ PTC is a US-based maker of software for industrial clients, specializing in computer-aided design tools and headquartered in Boston's Seaport District.
  • ✓ Schneider Electric makes equipment for energy systems, such as data center cooling, and offers product management software.
  • ✓ The transaction marks the largest-ever acquisition for French industrial giant Schneider Electric.
🛡️ Source Corroboration: 16 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Schneider Electric officially announced a definitive all-cash agreement to acquire US-based industrial software maker PTC for $22.6 billion.

Live updates

  1. Schneider Electric to Buy Software Maker PTC for $22.6 Billion

    French industrial giant Schneider Electric has agreed to acquire US software maker PTC in an all-cash deal valued at $22.6 billion. The acquisition represents the largest-ever purchase for Schneider Electric, combining its energy management and data center cooling equipment with PTC's computer-aided design and industrial process software. According to the companies, the transaction aims to build a scaled, interoperable industrial software and artificial intelligence franchise. PTC shares surged following the announcement of the agreement, which positions Schneider to capture a larger share of industrial customer spending.

    Why it matters

    Headquartered in Boston's Seaport District, PTC serves major manufacturing companies worldwide with its computer-aided design tools. Schneider Electric manufactures equipment for energy systems and data centers while offering product management software. The deal arrives amid a broader datacenter and infrastructure boom that is driving high spending toward industrial technology companies.

    What is confirmed

    • Schneider Electric agreed to acquire PTC for $22.6 billion in an all-cash deal.
    • PTC is a US-based maker of software for industrial clients, specializing in computer-aided design tools and headquartered in Boston's Seaport District.
    • Schneider Electric makes equipment for energy systems, such as data center cooling, and offers product management software.
    • The transaction marks the largest-ever acquisition for French industrial giant Schneider Electric.

    What to watch next

    • Regulatory and customer reviews regarding the acquisition's financial return and market impact
    • Finalization of the merger timeline and integration steps between Schneider Electric and PTC
    Sources used for this update (21)
    1. github.com — nocache/README at master · Feh/nocache · GitHub
    2. Bloomberg.com — Schneider Said to Near Deal to Buy PTC for More Than $20 Billion
    3. Reuters — France's Schneider Electric nears $20 billion deal to acquire US software group PTC, source says
    4. Financial Times — Schneider Electric nears deal to buy industrial software group PTC for $20bn
    5. WSJ — Schneider Electric to Buy Software Maker PTC for $22.6 Billion
    6. Reuters — Schneider Electric to buy PTC for $22.6 billion in all-cash deal
    7. axios.com — Schneider Electric buying PTC for $22.6 billion
    8. Bloomberg.com — Schneider’s Biggest Bet Spurs Mergers & Automations in Europe
    9. The Motley Fool — Breakfast News: Is AI's Second Wave Industrial?
    10. Bloomberg.com — A $23 Billion Franco-US AI Bet Is Seriously Aggressive
    11. Barron's — PTC Stock Soars on $22.6 Billion Schneider Electric Deal. It’s a Win for Software.
    12. Morningstar — Schneider Electric to Buy PTC in French Industrial Giant’s Largest-Ever Acquisition
    confidence 100%
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