Schneider Electric is set to acquire industrial software maker PTC for $22.6 billion, in a landmark deal aimed at creating a global powerhouse spanning industrial software, artificial intelligence and energy technology.

 

Schneider Electric and PTC announced that they had signed a definitive agreement under which Schneider Electric will acquire PTC in an all-cash transaction valued at $205 per share for 100% of PTC’s share capital.

 

The deal values PTC’s equity at approximately $22.6 billion (€20.1 billion) and gives the transaction an implied enterprise value of $23.7 billion (€21.1 billion).

 

The offer represents a 42.3% premium to PTC’s last closing price and a 46.1% premium to its previous 30-trading-day volume-weighted average share price.

 

The acquisition brings together two major players across industrial technology, with Schneider Electric positioning the combined business to capitalize on the convergence of industrial software, AI, energy systems and connected physical assets.

 

Olivier Blum, Chief executive Officer of Schneider Electric, said: "The acquisition of PTC represents an important step forward in our ambition to lead the new era of Energy and Industrial Intelligence. 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 forthe next generation of Industrial AI, helping customers to optimize their systems with greater intelligence from design and build to operate and maintain."

 

He added: "Neil Barua and the PTC teams have established an outstanding track record of growth, innovation and customer success. At Schneider Electric, we have built a strong leadership position in industrial software with AVEVA under the leadership of Caspar Herzberg. 

 

"Together, with Cognite’s1 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.”

 

Neil Barua, President and CEO of PTC, said: "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 AIdriven world. 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. This all-cash transaction is the culmination of the PTC Board’s commitment to maximize shareholder value. It delivers certain and compelling value to our shareholders and reflects the strength of PTC’s business, our strategy, and our outstanding team."

 

Schneider Electric said the acquisition will create a scaled, open and interoperable industrial software and AI business capable of supporting customers across design, control, data and intelligence systems.

 

At the heart of the strategy is a “digital thread” connecting the physical and digital worlds across the full lifecycle of industrial products and assets — from design and construction through operation and maintenance.

 

The combined portfolio is expected to bring together product lifecycle management, industrial software, data and AI capabilities, creating a contextualized data foundation across products, machines, processes and energy systems.

 

Schneider Electric said this will accelerate its push into Energy & Industrial Intelligence, as industrial AI becomes increasingly embedded in physical products, machines, processes and energy systems.

 

The transaction is expected to deliver €250 million in annual run-rate cost synergies by Year 3, alongside approximately €800 million in expected revenue synergies.

 

Schneider Electric said PTC will add strong growth, recurring revenue, attractive margins and robust cash generation to its portfolio, supporting its broader Digital Flywheel strategy.

 

The company said the transaction is also fully aligned with the capital allocation framework outlined at its 2025 Capital Markets Day.

 

The acquisition marks a significant expansion of Schneider Electric’s industrial software ambitions, building on its existing position through AVEVA and its AI capabilities through Cognite.

 

Together, Schneider Electric and PTC aim to give industrial customers a more connected technology stack — linking product design and engineering with operational data, energy systems and AI-driven intelligence.