Schneider Electric is close to a deal to buy U.S. industrial software maker PTC for about $20 billion, the Financial Times reported on Sunday, citing people familiar with the matter. The deal could be announced as soon as Monday, though talks are ongoing and could still fall apart. Boston-based PTC has a market value of about $15.6 billion, according to LSEG data, and raised its annual revenue forecast in July, citing strong demand for its industrial software and AI tools. The potential acquisition would be Schneider's latest move to expand its software and digital operations. The French company is also pursuing the acquisition of Bulgarian smart-home equipment maker Shelly Group for €70 per share, valuing it at about €1.27 billion, an offer representing a roughly 4% premium to the share price before the announcement and conditional on securing at least 95% of the company's shares and receiving regulatory approvals.
PTC IncSchneider Electric is close to a ~$20B acquisition of PTC, a takeover bid at a premium to its ~$15.6B market value.
Schneider Electric S.E.Schneider is near a ~$20B deal for PTC and separately bidding €70/share for Shelly Group, an M&A expansion whose valuation impact is unclear.
