Schneider Electric said it will acquire PTC in an all-cash deal valuing the industrial software company’s equity at about $22.6 billion, or $23.7 billion including debt. PTC shareholders will receive $205 per share, a 42.3% premium to PTC’s last closing price and a 46.1% premium to the prior 30-trading-day volume-weighted average.
PTC generated €2.4 billion in revenue in CY25 and posted an adjusted EBITA margin of about 40%. Schneider said PTC’s revenue and ARR are expected to grow at roughly 10% annually through 2029.
The companies said the combination would create a software and AI business representing an estimated 24% of Schneider’s pro forma group revenue. The combined platform would include more than 15,000 software employees and serve more than 50,000 software customers.
Schneider expects €250 million of annual run-rate cost synergies by year 3 and about €800 million of revenue synergies. It said the deal should be immediately low-single-digit accretive to adjusted EPS in the first year of full consolidation, rising to mid* to high-single-digit accretion including full run-rate synergies.
To fund the transaction, Schneider plans roughly €5 billion to €6 billion of equity issuance and €16 billion to €17 billion of new debt. The company said the cash consideration is about €22 billion.
The transaction was unanimously approved by both boards and is expected to close by Q3 2027, pending shareholder and regulatory approvals. Today the company's shares have moved -1.67% to a price of $144.03. For more information, read the company's full 8-K submission here.
