9/1032 sources · 29 publishersUpdated Oct 8, 14:16 UTC
Schneider Electric agrees to acquire PTC in cash deal
Schneider Electric agreed to acquire industrial software maker PTC for $205 per share in cash, representing a $22.6 billion equity value. PTC's board approved the transaction, which remains subject to shareholder and regulatory clearances and is targeted to close by Q3 2027. Schneider plans to finance the purchase through equity issuance and new debt.
Why it matters
Schneider expects the combination to produce cost and revenue synergies by expanding its industrial software and AI offerings. If completed, PTC shareholders will receive cash consideration and PTC will be delisted from Nasdaq.
Key facts
- 1Schneider Electric agreed to pay PTC shareholders $205 per share in cash, placing PTC's equity value at $22.6 billion. seekingalpha.com
- 2The offer represents a 42.3% premium, according to the transaction terms. tradingview.com
- 3The companies expect the transaction to close by Q3 2027. tradingview.com
- 4Schneider expects €250 million of cost synergies and €800 million of revenue synergies. finance.yahoo.com
- 5Schneider plans approximately €5 billion–€6 billion of equity financing and €16 billion–€17 billion of senior debt financing. finance.yahoo.com
- 6Following completion, PTC is expected to become a Schneider subsidiary and no longer trade on Nasdaq. tradingview.com
Summary written by AlphAI from 20 of 32 sources. Not investment advice. Figures are as stated by the linked sources.