Schneider Electric to buy PTC for $22.6 billion in all-cash industrial software deal
The company that sells the hardware on the factory floor is paying cash for the software that designs what the factory makes.
Schneider Electric agreed on Monday to acquire Boston-based PTC for $205 a share in cash, valuing the industrial software maker's equity at roughly $22.6 billion. The price is about a 42% premium to PTC's last close, and PTC's board resolved to recommend the merger agreement to shareholders. Schneider plans to fund the purchase with a mix of newly issued equity and new debt, and expects roughly 250 million euros of annual cost savings by the third year after closing plus about 800 million euros of revenue synergies. Completion is expected in the third quarter of 2027, subject to a PTC shareholder vote and regulatory approvals.
Scripture for Reflection
“The end of a matter is better than the beginning, and a patient spirit is better than a proud one.”
A bargain that will not be finished for nearly two years is a good moment for us to practice patience in our own unfinished work.
