Schneider Electric to acquire PTC for $22.6B, a 42% premium, in an all-cash industrial software deal

Schneider Electric will pay $205 per share for PTC, valuing the CAD, PLM and IoT software maker at $22.6B in equity and about $23.7B including debt, funded with €5–6B of new equity and €16–17B of debt. The French group expects €250M of annual cost synergies by year three, roughly €800M of revenue synergies, and closing in Q3 2027. It is the largest industrial-software consolidation to date and makes engineering data a core asset for physical-world AI.