Schneider Electric to buy PTC for $22.6 billion in all-cash deal; PTC shares jump 35%

Schneider Electric agreed on Oct. 5, 2026, to acquire PTC Inc. for $22.6 billion in cash, or $205 per share, a 42.3% premium to PTC's last close and 46.1% above its 30-day volume-weighted average. The deal implies an enterprise value of $23.7 billion. PTC's board unanimously recommended shareholder approval; closing is expected by the third quarter of 2027, pending a shareholder vote and regulatory clearances. Schneider said software and services would represent about 24% of pro forma revenue, with $250 million in annual cost savings targeted by year three and roughly $800 million in revenue synergies. Funding comprises $5 billion to $6 billion in equity issuance and $16 billion to $17 billion in new debt. Schneider (EPA: SU) fell more than 8% in European morning trading; PTC (Nasdaq: PTC) jumped 35% premarket in the U.S.