Schneider Electric to buy engineering software giant PTC for $23.7B
Schneider Electric Inc., one of the world’s largest industrial companies, today announced plans to acquire PTC Inc. for $23.7 billion. The all-cash deal values the software maker at $205 per share. That represents a 42.3% premium to its last closing price. PTC is best known for its Creo application, which engineers use to design hardware […] The post Schneider Electric to buy engineering software…
French industrial giant Schneider Electric announced plans to acquire engineering software company PTC for $23.7 billion. The all-cash deal values PTC at $205 per share, representing a 42.3% premium to its last closing price. PTC's flagship application, Creo, is used by engineers to design hardware products like car parts and medical devices.
Engineers can simulate products' performance under demanding conditions using a built-in tool. Creo identifies the best material combination for manufacturing methods and helps optimize production and reduce waste. Other PTC applications include Mathcad for sharing calculations, Codebeamer for writing code, and Orbit for monitoring equipment health.
PTC's software covers product development and industrial equipment operation, extending to data centers. Schneider Electric, known for electrical equipment like transformers, aims to become a major provider of software for both creating and operating industrial equipment. The French company expects €800 million in annual revenue synergies and €250 million in annual savings within three years of closing the deal.
The acquisition, to close by Q3 2027, is set to create the industry's most comprehensive software and AI powerhouse, connecting physical and digital worlds.
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