Acquiring Company
Schneider Electric
Acquired Company
PTC Therapeutics
Paris
South PlainfieldManufacturingEnergymachineryBiotechnologyDescription
Schneider Electric has announced the acquisition of PTC for $22.6 billion, marking its largest purchase to date. The deal is expected to enhance Schneider's position in the industrial software market, aiming for significant cost and revenue synergies. Completion of the acquisition is anticipated by the third quarter of 2027, pending regulatory approval. The acquisition underscores Schneider's strategic ambitions in the intersection of software and artificial intelligence.
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Frequently asked
Who acquired PTC Therapeutics?
PTC Therapeutics was acquired by Schneider Electric, based in Paris. The deal was reported on October 5, 2026. Schneider Electric is a global specialist in energy management and automation. It focuses on digital transformation by combining energy technology, real-time automation, and software. Schneider Electric is privately held and operates in Manufacturing.
When did Schneider Electric acquire PTC Therapeutics?
Schneider Electric's acquisition of PTC Therapeutics was reported on October 5, 2026. Schneider Electric has announced the acquisition of PTC for $22.6 billion, marking its largest purchase to date. The deal is expected to enhance Schneider's position in the industrial software market, aiming for significant cost and revenue synergies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PTC Therapeutics do?
PTC Therapeutics is a biopharmaceutical company that engages in the discovery, development and commercialization of small-molecule drugs. It is publicly traded (PTCT), operating in Biotechnology, and is based in South Plainfield.
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