Schneider Electric Acquires PTC for $23.7 Billion in Cash

Schneider Electric entered into a merger agreement on October 5, 2026, to acquire PTC Inc. (PTC) in a $23.70 billion deal.

Deal Structure:

PTC shareholders will receive $205 per share in cash, representing a 42.33% premium over the stock’s last closing price.

Company Profile:

PTC is a global software company that provides computer-aided design (CAD), product lifecycle management, industrial IoT, and service management software to manufacturers and engineering organizations. Its key products include Creo, Onshape, Windchill, ThingWorx, Vuforia, and Servigistics, serving customers across industries such as automotive, aerospace, industrial equipment, and medical devices.

Schneider Electric is a France-based global energy technology company that provides electrical, automation, and digital solutions for buildings, data centers, industries, infrastructure, and power grids. Its offerings include electrical equipment, industrial automation systems, software, and digital services.

Deal Details and Timeline:

A temporary loan facility from Morgan Stanley and Société Générale will support the total cash payment of approximately €22 billion ($24.62 billion).

The company expects to fund this amount through a combination of €5 to 6 billion raised by issuing new shares and €16 to 17 billion raised through new debt. The new shares will be issued through an Accelerated Bookbuild Offering (ABO), using the existing approval given by shareholders to the Board. The new debt will be raised in several different currencies.

The closing of the transaction is anticipated by Q3 2027.

Evercore is serving as the financial advisor to PTC, with Paul, Weiss, Rifkind, Wharton & Garrison providing legal counsel. Schneider Electric is being advised financially by Morgan Stanley and Goldman Sachs Bank Europe, while Debevoise & Plimpton is serving as its legal counsel.

Schneider Electric is acquiring PTC at 13.23 times its EBITDA.

Deal Metrics:

For a comprehensive understanding of this M&A transaction, please visit the Deal Metrics page here:

Deal Metrics for the acquisition of PTC Inc. (PTC) by Schneider Electric

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• A history of deal updates.
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Editor’s Note: Baranjot Kaur contributed to this article