Update: PTC to Be Acquired by Schneider Electric for $23.7 Billion; Shares Up Pre-Bell
MT newswire2026/10/05 10:0106:01 AM EDT, 10/05/2026 (MT Newswires) -- (Updates with stock price movement in the last paragraph.) PTC (PTC) will be acquired by Schneider Electric in an all-cash deal valued at $23.7 billion, Schneider Electric said Monday. Schneider will pay $205 per PTC share, valuing the company's equity at about $22.6 billion and representing a 42% premium to PTC's last closing price. The company said it expects 250 million euros ($279.7 million) in annual cost synergies by the third year and about 800 million euros in revenue synergies. The deal, expected to close by Q3 2027, would be low-single-digit accretive to adjusted EPS in the first full year and mid-to-high single digit accretive, including full run-rate synergies, the company said. Schneider said it plans to fund the roughly 22-billion-euro cash consideration with 5 billion euro to 6 billion euro of equity and 16 billion euro to 17 billion euro of new debt. PTC didn't immediately respond to MT Newswires' request for comment. The company's shares were up nearly 36% in premarket activity.
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