Schneider Said to Near Deal to Buy PTC for More Than $20 Billion
France-based Schneider Electric has agreed to acquire United States industrial software group PTC in an all-cash deal valued at $22.6 billion. The acquisition expands Schneider Electric's industrial artificial intelligence business and puts industrial software and automation stocks in sharp focus. PTC shares soared more than thirty-five percent following the announcement of the agreement. Initial reports indicated talks were nearing a twenty billion dollar threshold before the final acquisition price was confirmed at twenty-two billion six hundred million dollars.
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- ✓ Schneider Electric agreed to acquire United States software maker PTC for $22.6 billion in an all-cash deal.
- ✓ PTC shares jumped more than 35 percent following the acquisition announcement.
- ✓ The transaction expands Schneider Electric's industrial AI business.
What changed
The status shifted from advanced acquisition talks nearing twenty billion dollars to a definitive agreement priced at $22.6 billion.
Live updates
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Schneider Electric to Buy PTC for $22.6 Billion
France-based Schneider Electric has agreed to acquire United States industrial software group PTC in an all-cash deal valued at $22.6 billion. The acquisition expands Schneider Electric's industrial artificial intelligence business and puts industrial software and automation stocks in sharp focus. PTC shares soared more than thirty-five percent following the announcement of the agreement. Initial reports indicated talks were nearing a twenty billion dollar threshold before the final acquisition price was confirmed at twenty-two billion six hundred million dollars.
Why it matters
The acquisition highlights growing consolidation and strategic investment in the industrial software sector. Major players in industrial automation are increasingly expanding their digital and artificial intelligence capabilities to meet modern manufacturing demands. This transaction brings a prominent American engineering software provider under the umbrella of a major European industrial technology firm.
What is confirmed
- Schneider Electric agreed to acquire United States software maker PTC for $22.6 billion in an all-cash deal.
- PTC shares jumped more than 35 percent following the acquisition announcement.
- The transaction expands Schneider Electric's industrial AI business.
What to watch next
- Regulatory approvals and clearance by antitrust authorities
- Shareholder vote timelines and closing conditions for the all-cash transaction
confidence 100%Sources used for this update (13)
- Bloomberg.com — Schneider Said to Near Deal to Buy PTC for More Than $20 Billion
- Reuters — France's Schneider Electric nears $20 billion deal to acquire US software group PTC, source says
- Financial Times — Schneider Electric nears deal to buy industrial software group PTC for $20bn
- Seeking Alpha — Schneider Electric is said to near deal to buy PTC for more than $20B (SBGSF:OTCMKTS)
- Yahoo Finance — Schneider Electric Deal Puts Industrial Software Stocks In Focus
- Simply Wall Street — Industrial Automation Stocks Worth Watching After Schneider Electric Put PTC In Play
- Yahoo Finance — Schneider Electric close to $20 bln deal of U.S. software maker PTC - report
- Bloomberg.com — Schneider Electric to Acquire PTC for More Than $20 Billion
- Investing.com — Schneider Electric to buy U.S. software maker PTC for $22.6 bln
- WSJ — Schneider Electric to Buy Software Maker PTC for $22.6 Billion
- www.marketscreener.com — Schneider Electric to Buy Software Maker PTC for $22.6 Billion -- Update | MarketScreener
- www.ibtimes.com.au — PTC Stock Soars 35% After Schneider Electric Agrees to Buy Software Maker in $22.6 Billion All-Cash Deal
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