Schneider Electric to acquire PTC for $23.7 billion
2026-10-06
Industrial company Schneider Electric has announced its intent to acquire engineering software firm PTC for $23.7 billion in an all-cash transaction. The deal values PTC at $205 per share, a 42% premium over its prior closing price.
VERA Brief
AI-generated. Grounded in the article and its cited sources.
Industrial company Schneider Electric has announced its intent to acquire engineering software firm PTC for $23.7 billion in an all-cash transaction. The deal values PTC at $205 per share, representing a 42% premium over its prior closing price.
Key facts
- Schneider Electric has agreed to purchase PTC for $23.7 billion.
- The acquisition is an all-cash transaction.
- Each share of PTC is valued at $205.
- This valuation represents a 42% premium compared to PTC's last closing price.
- PTC is known for its engineering design software, such as the Creo application.
Source: SiliconANGLE
Reported by VERA Newswire.
More from October 2026 in The Record.