The factory-floor giants are done renting software — they’re buying it whole. Schneider Electric agreed to acquire Boston-based industrial software maker PTC in an all-cash deal valuing it at $22.6 billion, the companies said Monday, Quartz reported.
The $205-per-share offer is a 42.3% premium to PTC’s last close (enterprise value about $23.7 billion). Schneider plans to fund roughly $22 billion with $5–6 billion in new equity and $16–17 billion in new debt. Investors voted fast: Schneider fell more than 8% in European trading while PTC jumped 35% premarket.
CEO Olivier Blum called it “the industry’s most complete Software & AI powerhouse.” PTC’s CAD, PLM and service-lifecycle tools serve 30,000+ customers; Schneider targets $250 million in annual cost savings by year three and about $800 million in revenue synergies, with software and services rising to roughly 24% of revenue.
It is Schneider’s biggest swing in a shopping-spree year — after a $3.1 billion Cognite deal in July and a roughly $1.35 billion bid for Shelly Group last month. PTC stock had slid about 17% this year on fears AI would eat software. Closing is targeted by Q3 2027, pending shareholder and regulator sign-off.
Sources: Quartz; Schneider Electric announcement
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