Schneider Electric to buy PTC for $22.6B in industrial software push
What's the deal? Schneider ElectricDealroom has a profile for this one. Try Dealroom → has agreed to acquire US software firm PTCDealroom has a profile for this one. Try Dealroom → in an all-cash deal valuing PTC's equity at about $22.6 billion (€20.1 billion). The French energy technology group will pay $205 per share for all of PTC, implying an enterprise value of $23.7 billion.
What each side brings: Schneider Electric makes energy and automation hardware and already runs industrial software unit AVEVADealroom has a profile for this one. Try Dealroom →. PTC, listed on the NasdaqDealroom has a profile for this one. Try Dealroom →, builds software for complex industrial product design, engineering, and data management.
The terms: The price marks a 42.3% premium to PTC's last closing share price, and a 46.1% premium to its 30-day volume-weighted average before the announcement. The deal was announced on October 5, 2026.
What's the endgame? Schneider wants to bridge the physical and digital worlds across a product's lifecycle, from design to maintenance. Chief executive officer Olivier Blum said the goal is to build "the industry's most complete Software & AI powerhouse."
What's the upside? Schneider expects €250 million in annual run-rate cost synergies by year three, plus roughly €800 million in revenue synergies. Those savings would cut the effective EBITA multiple from 21x to 13x on 2027 estimates.
Why now? PTC president and CEO Neil Barua framed the sale as a way to gain "substantial scale and resources to accelerate innovation" and expand into more geographies and markets as the industry shifts toward AI-driven product data.
The signal: The deal is one of the largest industrial software acquisitions to date and underlines how hardware giants are buying their way into recurring-revenue software and industrial AI. For Schneider, adding PTC to AVEVA and Cognite builds a scaled franchise aimed at owning the data layer between factory floors and energy systems.
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