Schneider Electric agrees to acquire US-based PTC for $22.6 billion
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French engineering company Schneider Electric announced on the 5th that it has agreed to acquire US software company PTC in an all-cash transaction. PTC's equity value is estimated at approximately $22.6 billion, confirming the reports that emerged on the 4th. The offer of $205 per share implies an enterprise value of $23.7 billion for PTC, a 42.3% premium to its most recent closing price. The deal will be funded through a combination of equity and new bond issuance, and is expected to close in the third quarter of 2027. The acquisition will further accelerate Schneider's push into software. In June, the company agreed to acquire Cognite Holding, a privately held provider of AI software and industrial data.