Acquiring Company
Schneider Electric
Acquired Company
PTC
Paris
BostonManufacturingEnergymachineryManufacturingInformation TechnologySoftwareArtificial IntelligenceMachine LearningDescription
Schneider Electric has agreed to acquire PTC Corp. in an all-cash deal valued at $22.6 billion. This acquisition aims to enhance Schneider's software portfolio, particularly in industrial software. PTC's integration of AI features into its product line aligns with Schneider's strategic direction in industrial data management. The merger represents a significant step in consolidating their positions in the competitive enterprise software market.
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Frequently asked
Who acquired PTC?
PTC was acquired by Schneider Electric, based in Paris. The deal was reported on October 6, 2026. Schneider Electric is a major producer of electrical equipment for commercial and industrial applications. The company specializes in power management systems used across various industries, including AI data centers. Schneider Electric is privately held and operates in Manufacturing.
When did Schneider Electric acquire PTC?
Schneider Electric's acquisition of PTC was reported on October 6, 2026. Schneider Electric has agreed to acquire PTC Corp. in an all-cash deal valued at $22.6 billion. This acquisition aims to enhance Schneider's software portfolio, particularly in industrial software. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PTC do?
PTC Corp. is a leading maker of computer-aided design tools and software to manage products throughout their lifecycle. Known for its innovative solutions, the company integrates AI technology to enhance its products. It is privately held, operating in Manufacturing, and is based in Boston.
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