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Schneider Electric to Acquire PTC for $22.6 Billion in Historic Deal
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CNBC TV18•05-10-2026, 12:46
Schneider Electric to Acquire PTC for $22.6 Billion in Historic Deal
- •France's Schneider Electric announced its largest-ever acquisition, agreeing to buy US software company PTC for $22.6 billion in an all-cash deal.
- •The offer of $205 per share represents a 42.3% premium to PTC's last closing price, valuing the company's equity at approximately $22.6 billion and an enterprise value of $23.7 billion.
- •Schneider's shares fell following the announcement, as investors reacted to the substantial premium and concerns about PTC's growth prospects amid AI-driven valuation pressures.
- •The acquisition aims to create a scaled industrial software and AI business, with Schneider expecting •250 million in annual cost savings and •800 million in revenue synergies by the third year.
- •The deal, expected to close in Q3 2027, continues Schneider's strategic push into software, building on its recent acquisition of Cognite Holding and its growing focus on data center infrastructure.
Key Questions Answered
Schneider Electric agreed to acquire PTC in an all-cash deal valuing the US software company's equity at approximately $22.6 billion. The $205-per-share offer implies an enterprise value of $23.7 billion and represents a 42.3% premium over PTC's last closing price.
The transaction is expected to be closed in the third quarter of 2027 and will be financed through a combination of equity and new debt.
Schneider Electric expects the acquisition to generate €250 million in annual run-rate cost savings by the third year after closing, alongside approximately €800 million in expected revenue synergies.
