Schneider to buy PTC for $22.6 billion

Schneider Electric signed a definitive agreement to acquire PTC, offering $205 per share in cash. That values PTC’s equity at $22.6 billion and implies an enterprise value of $23.7 billion. The joint company release calculates a 42.3% premium to the last closing price before the announcement. PTC’s board supports the transaction.

The companies expect annual cost synergies of €250 million by year three and about €800 million of revenue synergies. These are management forecasts, not realised results. Closing is expected in the third quarter of 2027, subject to approval by a majority of PTC shareholders and required regulators. The 8-K filing with the US securities regulator confirms that the merger agreement was signed on 4 October.

For Hungarian industrial companies, the relevance is Schneider’s plan to connect energy automation with PTC’s product-design and lifecycle-management software. That may affect supplier systems and software purchasing, but the parties have not detailed a specific Hungarian impact. Related background covers the Kyoto vision for scientific AI and European growth capital for technology companies. The next firm date is 16 October, when Schneider will release revenue early.