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Schneider Electric agrees to acquire PTC in $23.7 billion industrial software deal

Schneider Electric has agreed to acquire U.S. engineering software developer PTC in an all-cash deal valued at $205 per share, representing an implied enterprise value of $23.7 billion.

Schneider Electric company logo in green text on a white background.
Image: @scottmelker

Schneider Electric has agreed to buy U.S.-based engineering software firm PTC in an all-cash transaction valued at $205 per share. The deal values PTC's equity at approximately $22.6 billion (€20.1 billion) and carries an implied enterprise value of $23.7 billion (€21.1 billion), marking the French conglomerate's largest acquisition to date.[3][6][7][9]

Schneider Electric said the purchase aims to create one of the largest industrial-software portfolios, bolstering its artificial intelligence capabilities and engineering software footprint alongside Aveva. The $205 per share offer represents a 42.3% premium to PTC's prior Friday close and a 46.1% premium to its 30-day volume-weighted average price. Schneider expects €250 million in annual cost synergies by year three and €800 million in revenue synergies, forecasting low-single-digit adjusted earnings per share accretion in the first full year.[2][1][5][3]

The roughly €22 billion cash outlay is supported by a bridge facility from Morgan Stanley and Société Générale, which Schneider plans to refinance through €5 billion to €6 billion in new shares and €16 billion to €17 billion in debt. The transaction is slated to close in the third quarter of 2027. Following the buyout news, MarketWatch reported that PTC shares surged 34%.[3][1][4][8]

Separately, an ethics disclosure reported by Protos revealed that Donald Trump's investment portfolio acquired $500,000 worth of PTC stock on July 20, 2026, 77 days before the buyout agreement. A Trump Organization spokesperson previously stated that his assets are placed in discretionary accounts managed independently by third-party institutions, while Trump has publicly stated that his children manage the trust.[10]

Key facts

  • Schneider Electric agreed to acquire engineering software developer PTC for $205 per share in cash.
  • The deal values PTC at an equity valuation of about $22.6 billion (€20.1 billion) and an implied enterprise value of $23.7 billion (€21.1 billion).
  • The offer represents a 42.3% premium over PTC's prior Friday closing price and a 46.1% premium to its 30-day volume-weighted average price.
  • Schneider Electric expects €250 million in annual cost synergies by year three and approximately €800 million in revenue synergies.
  • The acquisition is backed by a bridge facility from Morgan Stanley and Société Générale to be refinanced with €5 billion to €6 billion in equity and €16 billion to €17 billion in debt.
  • The transaction is expected to be completed in the third quarter of 2027.
  • PTC shares jumped 34% after the takeover agreement was reported.
  • A government ethics filing disclosed that Donald Trump's investment portfolio bought $500,000 of PTC stock 77 days prior to the buyout announcement.

Sources · 10 sources

  1. 阳明

    阳明AI@x_autonomyPost on X ·

    【AI热点】14:00-16:00 更多详细信息→https://t.co/1i9aULaBkU 1. 施耐德电气宣布以约 226 亿美元收购 PTC，拓展工业软件与人工智能业务 [影响大·可执行低]施耐德电气宣布以每股 205 美元、总价约 226 亿美元全现金收购 PTC，较前收盘价溢价超 40%，交易预计 2027 年第三季度完成，以扩充工业软件与 AI 赋能业务。此前施耐德已敲定 31 亿 2. 华为与高通宣布达成广泛专利许可协议，覆盖 5G、AI、计算及网络技术领域 [影响大·可执行低]华为与高通今日宣布达成一项长期、广泛的专利许可协议，包含双方在 5G、计算、人工智能、网络等领域的专利组合交叉许可，高通还将收购华为部分美国专利。这是双方首份涵盖 5G 技术的专利许可协议；华为称交易 3. LinkedIn 估算美国新增超 75 万个 AI 岗位，数据标注员以 28.2 万居首 [影响大·可执行低]LinkedIn 估算 2023 年以来美国新增超 75 万个 AI 相关岗位，其中数据标注员新增约 28.2 万居首，数据中心岗位约 11.7 万、AI 工程师约 10.5 万，三类合计约 50.4 4. 通义千问（Qwen）进化史：从 Qwen-7B 到 2.4T 参数的 Qwen3.8 [影响大·可执行低]文章按时间线回顾了阿里 Qwen 从 2023 年 4 月通义千问邀测到 2026 年 Qwen3.8-2.4T-A95B（2.4 万亿参数、激活 95B）的完整发布历程。 5. 上汽荣威家越 07 预售两周订单超三万台，13.78 万元起 [影响小·可执行低]上汽荣威家越 07 预售 2 周订单（小订）超三万台，该车于 9 月 21 日开启预售，预售价 13.78 万元起，共三款车型。家越 07 行业首搭豆包座舱助手，搭载 Momenta R7 世界模型与 6. Mustafa Suleyman 称千亿美元级训练将至 [影响大·可执行低]Mustafa Suleyman（微软 AI CEO）： 1000 亿美元级的训练运行即将到来。 算力与测试时算力扩展显然将带来地震级 7. 圆刚推出工业级 AI 降噪麦克风 AIClear Mic (A113)，工作温度 -25℃ 至 +60℃ [影响中·可执行中]圆刚 (AVerMedia) 推出面向工业应用的 AIClear Mic (A113) 麦克风，工作温度范围达 -25℃ 至 +60℃，存放温度范围达 -40℃ 至 +85℃。该产品支持 AI 驱动的 8. 映众推出 AGS-6220V2 双路服务器：6U 机架，8 条 PCIe Gen5 ×16 插槽 [影响中·可执行中] 9. 台达将基于英伟达 Hyperion 平台开发下一代自动驾驶技术 [影响中·可执行中]台达宣布与英伟达合作，基于 NVIDIA Hyperion 平台开发下一代智能、高效、安全的自动驾驶系统，并结合 Halos 安全系统与台达在汽车能源管理、电动汽车动力系统及车载高性能计算方面的专业能 10. GPT-6 Pro 仍无同类竞品 [影响小·可执行低]我今晚一直在抱怨 OpenAI 的一些选择，所以往好的方面说，目前仍然没有能媲美 GPT-6 Pro 的产品（就像之前的 Pro 系列模型一样）。它既能一次性完成非常困难的任务，又在传达结果方面做得出 11. 消息称本月 3 台第六代骁龙 8 超级至尊版新机登场，最高 10000mAh 电池 [影响中·可执行中]博主 @数码闲聊站 爆料，10 月将有 3 台搭载高通第六代骁龙 8 超级至尊版的新机登场，电池容量分别为 8400mAh、9000mAh、10000mAh±，均支持 100W/120W 百瓦有线充和 12. 为人类与AI智能体共用的团队邮箱系统 [影响小·可执行低]又一个急需的产品：一个为团队打造的邮件系统，让人类和自主智能体都能访问它。 我们需要一个带有适当权限的系统，让你的 AI（以及受邀的其他人）可以在其中工作、互相评论，并在需要时把事项提请你的注意。 13. xAI 发布 Grok Imagine [影响小·可执行低]Grok Imagine

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  2. TW

    The Wall Street Journal@WSJPost on X ·

    The acquisition aims to create one of the largest industrial-software portfolios, Schneider said. https://t.co/llu7EBgE7m

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  3. TW

    The Wolf Of All Streets@scottmelkerPost on X ·

    Schneider Electric, $SCHN.PA, agreed to buy PTC, $PTC, for $205 a share in cash, valuing the equity at about $22.6 billion (€20.1 billion). That is a 42.3% premium to Friday’s close and a 46.1% premium to the prior 30-day volume-weighted average price. The offer implies an enterprise value of $23.7 billion (€21.1 billion), or 21x expected 2027 adjusted EBITA, and 13x including full run-rate synergies. At the same time, Schneider expects €250 million of annual cost synergies by year 3 and about €800 million of revenue synergies. The €22 billion cash outlay is backed by a Morgan Stanley and Société Générale bridge, to be refinanced with €5 billion to €6 billion of new shares and €16 billion to €17 billion of new debt. The deal is expected to close by the third quarter of 2027 and to be low-single-digit accretive to adjusted EPS in the first full year. This is Schneider’s largest acquisition ever.

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  4. MA

    MarketWatch@MarketWatchPost on X ·

    Shares of software maker PTC soar 34% on $23 billion deal https://t.co/0XrJgczhBO

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  5. WS

    Wall St Engine@wallstenginePost on X ·

    Schneider Electric is nearing a ~$20B deal to acquire $PTC, according to the FT. The deal could be announced as soon as Monday and would be Schneider’s largest acquisition ever. PTC currently has a market value of about $15.6B. PTC’s industrial software, including Creo, would expand Schneider’s manufacturing and engineering software portfolio alongside Aveva.

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  6. BL

    Bloomberg@businessPost on X ·

    Schneider Electric said it is acquiring US-based engineering software developer PTC for an implied enterprise value of $23.7 billion https://t.co/ZveHjV2sUR

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  7. TE

    Techmeme@TechmemePost on X ·

    French conglomerate Schneider Electric agrees to acquire US engineering software provider PTC for $23.7B in cash, paying $205 per share, its largest acquisition (Financial Times) (Visit Techmeme dot com for the link and full context!)

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  8. BA

    Barron's@barronsonlinePost on X ·

    PTC Stock Soars on $22.6 Billion Schneider Electric Deal. Why It’s a Win for Software. https://t.co/Uj1Bs68UQ5

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  9. EV

    Evan@StockMKTNewzPost on X ·

    HERE ARE A BUNCH OF MERGERS AND ACQUISITIONS THAT HAPPENED THIS MORNING: - GE Healthcare $GEHC is expected to announce today that it has agreed to acquire Sofie Bioscience "a manufacturer of radioactive substances used in medical-imaging procedures." - Schneider Electric has agreed to acquire $PTC in an all-cash deal valuing PTC at $22.6 Billion - Cenovus Energy $CVE has agreed to buy Athabasca Oil at an enterprise value of $4 billion - CH Robinson $CHRW has agreed to buy trucking brokerage firm $RXO in a deal valued at ~$5.8 billion - Shionogi has agreed to acquire Austin, Texas-based drugmaker IntraBio for $2 billion - Ithaca Energy $ITH has agreed to buy a portfolio of offshore oil projects from Canada’s Suncor Energy $SU for up to $1.11 billion

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  10. PR

    ProtosArticle ·

    Donald Trump bought PTC before $22.6B buyout Schneider Electric agreed on Monday to acquire publicly-traded software company PTC in which Donald Trump’s investment portfolio bought $500,000 worth of stock 77 days prior. Offering $22.6 billion all-cash at $205 per share, a 42% premium to Friday’s close, the buyout offer is 64% higher than the day Trump’s portfolio acquired shares just 77 days ago. Trump’s beneficial purchase sits on row 1,001 of a US Department of Government Ethics filing. The president disclosed a purchase of up to $1 million shares of PTC Inc. The public learned of Trump’s investment on September 22. Because Trump must file only periodic, rather than daily, trading disclosures, it’s impossible to know whether he continued to hold PTC through its buyout this week until he files a subsequent disclosure. If Trump did hold PTC from July 20, his trade has profited at least 53% as of yesterday’s close and as much as 64% if the deal closes at Schneider Electric’s full $205 per share offer. Trump to cash in by offering traders a sneak peak at his Truths Read more: Trump administration is dumping money into cratering nuclear stocks Who chooses Donald Trump’s stock trades? The extent to which Trump is involved in the holdings of his investment portfolio is a matter of public debate. A Trump Organization spokesperson claimed in May that the holdings sit in “fully discretionary accounts,” meaning that someone was, in contrast to passive rebalancing or indexation, actively choosing which securities to buy and sell. That spokesperson claimed that Trump’s personal portfolio is “independently managed by third-party financial institutions with sole and exclusive authority over all investment decisions.” According to the Code of Federal Regulations, the official legal print publication of codified rules published in the Federal Register by US government departments and agencies, “You have investment discretion when you have… the sole or shared authority to determine what securities or other assets to purchase or sell on behalf of that account.” That code continues to explain investment discretion, even when delegating discretion to another trader, saying, “You retain investment discretion if you delegate investment discretion to another.” On September 22, White House spokesman Davis Ingle repeated that outside institutions manage Trump’s portfolio. However, Trump himself has said , rather than third-party institutions, “My kids run it.” Indeed, Ingle has also told Fortune that Trump’s assets sit in a trust “managed by his children.” Asked about the baffling tension, he concluded , “defer to Trump Org.” Unconvinced, two US Senators wrote to Trump in August about his trading activities, “The timing of a number of transactions raise questions about whether you are using your knowledge of government activities, your official authority, or the vast megaphone provided by the presidency to make investments or move markets to your personal benefit.” Got a tip? Send us an email securely via Protos Leaks . For more informed news and investigations, follow us on X , Bluesky , and Google News , or subscribe to our YouTube channel. The post Donald Trump bought PTC before $22.6B buyout appeared first on Protos .

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