Schneider Electric agrees to acquire PTC for $22.6 billion.

Schneider Electric agreed to acquire U.S. industrial-software company PTC in an all-cash transaction with an enterprise value of about $22.6 billion. The offer of $205 a share represents a 42.3% premium to PTC's unaffected closing price, according to Reuters.

The companies expect the transaction to close in the third quarter of 2027, subject to shareholder and regulatory approvals. Schneider says the acquisition will connect more of its electrical and automation hardware with software used to design, operate and service industrial assets.

Update — 6 October 2026: This briefing originally described advanced talks for a roughly $20 billion transaction. Reuters subsequently confirmed that the companies signed a $22.6 billion agreement; the headline, summary and analysis have been updated to reflect the final terms.