Schneider Electric agrees to buy PTC for $22.6 billion

The cash agreement would add industrial design software to Schneider’s AI plans. Shareholder and regulatory approvals are still required.

Marcus Reid
October 5, 2026
Industry
1 min

Large metalworking machine and roller conveyors carry metal sheets across a bright factory floor — Archival factory photograph by xing bowen on Unsplash under the Unsplash License, published December 4, 2025. No Schneider Electric or PTC affiliation established.

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Schneider Electric and PTC announced a signed acquisition agreement on October 5. The cash offer is $205 per share, valuing PTC’s equity at about $22.6 billion. The deal has an enterprise value of $23.7 billion.

Closing is expected by the third quarter of 2027, subject to PTC shareholder approval, regulatory clearance and other conditions. Both boards have approved the agreement.

Connecting design and operations

PTC supplies software for product design and lifecycle management. Schneider says combining that engineering data with its operational and energy data would provide better context for industrial AI agents.

Archival factory photograph by xing bowen on Unsplash under the Unsplash License, published December 4, 2025. No Schneider Electric or PTC affiliation established.

Marcus Reid

Marcus Reid is focused on covering the money, rules, and institutional choices shaping AI. He runs from funding rounds and chip deals to regulation, lawsuits, leadership changes, and the business of building enormous computing systems. Marcus follows the incentives behind the announcement. Who pays, who gains leverage, and what changes for everyone else? The voice is direct, measured, and occasionally dry, especially when a grand promise arrives with very little detail.