Schneider Electric to acquire US company PTC for $22.6 billion

France’s Schneider Electric and US engineering software provider PTC have announced that they have signed a definitive agreement under which Schneider Electric will acquire PTC for an all-cash acquisition at USD 205 per share for 100% of the share capital of PTC, valuing PTC’s equity at approximately USD 22.6 billion.  

The acquisition, with an implied enterprise value of USD 23.7 billion, creates a leading, scaled, open and interoperable industrial software and AI franchise, driving business outcomes for customers from any system of design, control, data and intelligence, Schneider Electric said.

“The acquisition of PTC represents an important step forward in our ambition to lead the new era of Energy and Industrial Intelligence,” Olivier Blum, Chief Executive Officer of Schneider Electric, said. “Together, we are creating the industry’s most complete Software & AI powerhouse and highest-quality portfolio bridging the physical and digital worlds.”

By connecting and contextualizing data across the lifecycle of products and assets, the acquistion will create a unique digital thread for the next generation of Industrial AI, helping customers to optimize their systems with greater intelligence from design and build to operate and maintain, Blum added.

PTC complements Schneider Electric’s industrial AI data foundation, which will be further enhanced following its proposed acquisition of Cognite, by adding the critical product and engineering data fabric to its existing foundation of process and energy data. By connecting engineering intent with real-world operational context, the combination strengthens Schneider Electric’s Energy & Industrial Intelligence capabilities and provides the trusted context which AI agents need in order to deliver productivity, resiliency, efficiency and sustainability for customers, Schneider Electric said.

“PTC provides the software the world’s leading manufacturers and product companies rely on to design, build, and maintain great products and unlock more value from their product data in an increasingly AI-driven world,” said Neil Barua, President and CEO of PTC. “Joining Schneider Electric is an incredible opportunity to elevate the scope and impact of what we deliver for our customers globally. We gain substantial scale and resources to accelerate innovation, advance our Intelligent Product Lifecycle vision, and expand our business into more geographies and end markets to serve more customers.”