Schneider Electric Agrees to Buy PTC for $22.6 Billion
In brief
Schneider Electric and US software company PTC announced on Monday a definitive agreement for Schneider to acquire PTC for $205 per share in cash, a deal valued at about $22.6 billion.
PTC makes software that manufacturers use to design products and manage engineering data across a product’s life. Schneider Electric, based in France, sells energy management and automation equipment, including power and cooling systems for data centres, and already owns the industrial software company AVEVA.
In the joint announcement, Schneider chief executive Olivier Blum said combining the companies would connect data from product design through to operation and maintenance, which Schneider sees as the basis for industrial AI. According to the companies, the deal implies an enterprise value of about $23.7 billion and is expected to close in the third quarter of 2027, subject to approval by PTC shareholders and regulators. Schneider plans to fund it with a mix of new shares and new debt.
Coverage of the deal, including a roundup by Tech Startups, reported that Schneider’s shares fell sharply on the news as investors weighed the price and the borrowing involved.
Why it matters
It is one of the largest European acquisitions of the year and shows how industrial companies are paying high prices for software and data they believe will power AI in factories and data centres.
Sources
- PTC Investor Relations: Schneider Electric to acquire PTC, creating the next level of Energy and Industrial Intelligence
- Tech Startups: Top Tech News Today, October 5, 2026
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