PTC IncSchneider agreed an all-cash $22.6B offer for PTC at a 42.3% premium, sending PTC shares up ~34% pre-market.
Schneider Electric has agreed an all-cash offer of $22.6 billion for U.S. industrial software firm PTC, a 42.3% premium to PTC's last closing price, sending European engineering software stocks broadly higher on Monday. Dassault Systèmes rose 2.3% in Paris morning trade, Nemetschek climbed 1.9% and TeamViewer gained 3.2%, while PTC shares surged roughly 34% in pre-market trading on bets the $205-per-share cash offer closes without a rival bid. Autodesk, the closest U.S.-listed peer in engineering and product-lifecycle software, was up around 1.6% to approximately $215.50 in pre-market trade. Schneider expects to fund the deal through a combination of equity issuance and new debt, with the transaction targeted to close in the third quarter of 2027 pending regulatory and shareholder approvals, and projects €250 million in annual run-rate cost synergies by year three plus roughly €800 million in revenue synergies, compressing the effective EBITA acquisition multiple from 21x to 13x on 2027 estimates. The enterprise value implied by the deal is $23.7 billion.
PTC IncSchneider agreed an all-cash $22.6B offer for PTC at a 42.3% premium, sending PTC shares up ~34% pre-market.
Autodesk Inc
Nemetschek AG O.N.
TeamViewer AG
Schneider Electric S.E.Schneider is making the $22.6B all-cash acquisition, funded via equity issuance and new debt, with projected cost and revenue synergies.
NVIDIA Corporation
AMN Healthcare Services Inc
Dassault Systemes SE