Schneider Electric Moves to Acquire PTC in $22.6 Billion Industrial-Software Deal

The proposed acquisition would connect PTC’s CAD, PLM and engineering-data platforms with Schneider Electric’s automation, energy-management and industrial-software businesses.
Schneider Electric has signed a definitive agreement to acquire industrial-software company PTC in an all-cash transaction valuing PTC’s equity at approximately $22.6 billion.
Under the agreement, Schneider Electric will pay $205 per PTC share. The transaction has been approved by both companies’ boards and is expected to close by the third quarter of 2027, subject to shareholder approval and customary regulatory conditions.
PTC develops software used by manufacturers to design, build, manage and service complex products. Its portfolio includes Creo computer-aided design software, Windchill product lifecycle management, application lifecycle management and service-lifecycle tools. The company serves more than 30,000 customers globally across discrete and hybrid manufacturing industries.
For Schneider Electric, the acquisition would add product and engineering data to an industrial-software portfolio that already spans automation, energy management, industrial operations and data platforms. The companies describe the intended result as a connected digital thread extending from product design and engineering through manufacturing, operation and maintenance.
The combination could give engineering teams a closer link between upstream product decisions and operational data from factories, energy systems and connected assets. Such integration is increasingly relevant as manufacturers use digital twins, lifecycle-management platforms and industrial AI tools to shorten development cycles and improve traceability across physical products and production systems.
Schneider Electric expects the combined software and services activities to represent about 24% of group revenue on a pro forma basis. The company has identified expected annual run-rate cost synergies of €250 million by the third year after closing, alongside projected revenue synergies of approximately €800 million.
The proposed acquisition follows Schneider Electric’s continued expansion in industrial software. Its main technical challenge will be maintaining interoperability across customers’ existing engineering, automation and enterprise systems while connecting PTC’s product-data environment to Schneider Electric’s process, energy and operational technologies.