Schneider Electric to acquire PTC for $22.6 billion

Global energy technology company Schneider Electric announced that it will acquire industrial software provider PTC.

The companies said that the transaction will be an all-cash acquisition at $205 per share for 100% of the share capital of PTC, valuing PTC’s equity at approximately $22.6 billion.

PTC complements Schneider Electric’s portfolio

Schneider Electric said that PTC complements its industrial AI data foundation, which will be further enhanced following Schneider’s proposed acquisition of Cognite, which was announced in June 2026.

By connecting engineering intent with real-world operational context, Schneider Electric said that this combination strengthens the company’s Energy & Industrial Intelligence capabilities and provides the trusted context that AI agents need to deliver productivity, resiliency, efficiency and sustainability for customers.

“The acquisition of PTC represents an important step forward in our ambition to lead the new era of Energy and Industrial Intelligence,” said Olivier Blum, CEO of Schneider Electric. “Together, we are creating the industry’s most complete Software & AI powerhouse and highest-quality portfolio bridging the physical and digital worlds. By connecting and contextualizing data across the lifecycle of products and assets, we will create a unique digital thread for the next generation of Industrial AI, helping customers to optimize their systems with greater intelligence from design and build to operate and maintain.”

Schneider Electric said that the transaction extends its proven asset lifecycle platform upstream into product design and engineering, creating an end-to-end industrial software and intelligence platform that helps customers drive continuous improvement.

“PTC provides the software the world’s leading manufacturers and product companies rely on to design, build, and maintain great products and unlock more value from their product data in an increasingly AI-driven world,” said Neil Barua, president and CEO of PTC. “Joining Schneider Electric is an incredible opportunity to elevate the scope and impact of what we deliver for our customers globally. We gain substantial scale and resources to accelerate innovation, advance our Intelligent Product Lifecycle vision and expand our business into more geographies and end markets to serve more customers.”

Financial details of Schneider Electric’s PTC acquisition

Closing of the transaction is anticipated by Q3 2027, subject to customary closing conditions, including approval by PTC’s shareholders holding at least a majority of outstanding PTC shares at a special shareholder meeting and receipt of required regulatory approvals.

“This all-cash transaction is the culmination of the PTC Board’s commitment to maximize shareholder value,” Barua said. “It delivers certain and compelling value to our shareholders and reflects the strength of PTC’s business, our strategy and our outstanding team. I am deeply grateful to our talented and dedicated employees around the world for everything they have done to make PTC what it is today. We look forward to building on this strong foundation and beginning an exciting new chapter with Schneider Electric.”

The Boards of Directors at both companies have unanimously approved the transaction.

“Neil Barua and the PTC teams have established an outstanding track record of growth, innovation and customer success,” Blum added. “At Schneider Electric, we have built a strong leadership position in industrial software with AVEVA under the leadership of Caspar Herzberg. Together, with Cognite’s unique AI capabilities, we will accelerate innovation, unlock new opportunities and create long-term value for our customers, employees and shareholders as we shape the future of Energy and Industrial Intelligence.”