Schneider Electric to acquire PTC for $22.6 billion
Schneider Electric announced it will buy industrial software maker PTC for US$22.6 billion, the largest transaction in its history. The deal adds CAD, PLM and other engineering tools to Schneider’s portfolio and is aimed at strengthening its industrial AI offering. CEO Olivier Pascal Blum said the acquisition will help bridge the physical and digital worlds for customers. Financing will be provided through US$6 billion of equity and US$17 billion of debt.
Why it matters
The company expects the purchase to expand its software and services business, which already contributed 18% of its Q2 revenue, and to accelerate growth in industrial AI. Analysts note that the added capabilities could improve Schneider’s competitive position in the digital transformation market.
Key facts
- 1Schneider Electric agreed to acquire PTC for US$22.6 billion. thestack.technology
- 2Software and services accounted for 18% of Schneider’s Q2 revenue. thestack.technology
- 3The acquisition will be financed with US$6 billion in equity and US$17 billion in debt. diginomica.com
- 4CEO Olivier Pascal Blum said the deal will help bridge physical and digital worlds and advance industrial AI. diginomica.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.