Schneider Electric announced an agreement to acquire PTC Inc. in an all-cash transaction at $205 per share, implying a total deal value of approximately $23.7 billion. PTC's board approved the merger agreement and resolved to recommend shareholder approval. Closing is expected by the third quarter of 2027, subject to required conditions including regulatory and shareholder approvals. Shares of the Boston-based industrial and product lifecycle software company jumped just over 33% on Monday, ending at $192.26, a gain of $48.23 on the day, with trading volume reaching 26.09 million shares, roughly 14.91 times the one-month average. Reports on October 4 had already indicated that Schneider Electric was nearing an agreement to acquire PTC for more than $20 billion, characterizing the potential transaction as a major expansion of Schneider Electric's industrial and engineering software capabilities.
PTC IncPTC agreed to be acquired by Schneider Electric for $205/share in a $23.7B all-cash deal, a premium to its prior price.
Schneider Electric S.E.Schneider Electric is paying $23.7B in cash to acquire PTC, expanding its industrial software capabilities but at a significant cost.
