Schneider Electric announces the acquisition of the American PTC for 22.6 billion dollars

Schneider Electric, the French electrical equipment giant, announced Monday October 5 “the signing of a definitive agreement” for the acquisition for 22.6 billion dollars (20.1 billion euros) of the American PTC, a software designer based in Boston (Massachusetts).

This acquisition will be carried out “entirely in cash at a price of 205 dollars per share covering 100% of the capital of PTC and valuing PTC's equity at approximately 22.6 billion dollars (20.1 billion euros)”, specifies in a Schneider Electric press release, and an “implied enterprise value of 23.7 billion dollars (21.1 billion euros)”.

“The acquisition of PTC represents an important step in our ambition to become the leader in the new era of Energy and Industrial Intelligence. Together, we are creating one of the most comprehensive and qualitative portfolios on the market in industrial software and AI, connecting the physical and digital worlds,” commented Olivier Blum, CEO of Schneider Electric, quoted in the press release.

Schneider Electric reports in its press release “250 million euros of annual cost synergies, based on an identified execution plan and to be achieved within three years, as well as approximately 800 million euros of revenue synergies”.

The transaction was unanimously approved by the Boards of Directors of both companies, and its completion is expected by the third quarter of 2027, subject to customary conditions precedent. Furthermore, as a result of the transaction, Schneider Electric will bring forward the publication of its third quarter 2026 revenue to October 16, 2026.

Headquartered in Boston, in the northeastern United States, PTC is a software developer that enables manufacturers and product development companies to digitally transform the way they design, manufacture and service the physical products the world depends on.

Listed on Nasdaq on Wall Street, the company has more than 7,000 employees and supports more than 30,000 clients around the world.