Schneider Electric SE announced on 5 October 2026 the acquisition of US-based engineering software developer PTC Inc. at an implied enterprise value of $23.7 billion, according to Bloomberg Markets. The deal represents a major expansion of Schneider Electric's software and digital capabilities across industrial automation and product lifecycle management. MarketWatch TOP also reported the transaction, characterising the valuation as at a decade low relative to the sector.
PTC Inc. is a US-listed engineering and industrial software company whose product portfolio spans product lifecycle management and industrial IoT platforms. The acquisition connects Schneider Electric's existing electrical equipment and industrial automation business with PTC's software capabilities, combining hardware and software assets within a single industrial technology group. Schneider Electric trades on Euronext Paris, with American depositary receipts available under SSNLF in the US market.
The transaction was preceded by a Bloomberg Markets report on 4 October 2026 indicating that Schneider Electric was in advanced negotiations to acquire PTC for more than $20 billion, confirming that the final announced enterprise value of $23.7 billion exceeded that earlier figure. No regulatory approvals or official government responses have been reported in the cluster at this stage.
Sources: Bloomberg Markets, Marketwatch TOP