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Schneider Electric to buy US software firm PTC in $22.6 billion deal
The all-cash deal would make Schneider Electric’s largest acquisition and add PTC’s AI-powered software tools to its industrial software push.
- Schneider Electric announced on Monday it agreed to acquire Boston-based PTC in an all-cash deal valuing the software company's equity at around $22.6 billion, marking the largest acquisition in company history.
- This acquisition marks the largest in The French engineering company's history, continuing a strategic expansion into industrial software following its June agreement to purchase Cognite Holding, a privately held AI software provider.
- The $205-per-share offer implies an enterprise value of $23.7 billion for PTC, representing a 42.3% premium as the software company provides essential AI-powered tools for designing and manufacturing products.
- Shares of Schneider declined 4.7% on Tradegate as investors weighed the substantial premium against concerns that software businesses face AI-driven valuation pressures and uncertain growth prospects.
- While large-scale M&A often faces initial European investor skepticism, Morgan analysts noted Schneider expects the combined entity to generate about $800 million in expected revenue synergies, though valuations remain debatable.
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The French energy technology group signed a definitive agreement to buy the Boston PTC for $22.6 billion (EUR 20.1 billion) and strengthen the industrial AI.
·Lisboa, Portugal
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The multinational announced on Monday 5 October the acquisition of the US software publisher PTC on the basis of a valuation of 20.1 billion euros, the most important acquisition in its turbulent history. The Stock Exchange did not appreciate.
·Paris, France
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This is the biggest acquisition in the history of the French giant, in order to strengthen its activities related to artificial intelligence. A large-scale operation which nevertheless worries the markets: the action of the French group lost nearly 10% after the announcement.
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Total News Sources114
Leaning Left4Leaning Right13Center18Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
12%
C 51%
R 37%
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