PTC

Industrial Software · AI · Manufacturing

Acquisition

Schneider Electric reportedly nears $20B deal to acquire PTC

The French industrial giant would gain recurring software revenue just as AI reshapes factory design and operations.

• Schneider Electric is nearing a deal worth about $20 billion to acquire Boston-based industrial software maker PTC, with an announcement possible as soon as Monday, the Financial Times reported.
• PTC makes industrial software and AI-powered tools for manufacturers, and it raised its annual revenue forecast in July citing strong demand for both.
• The reported $20 billion price tag is roughly 28% above PTC's $15.63 billion market value as tracked by LSEG data.
• Talks are still ongoing and could fall apart; Reuters said it could not independently verify the FT's reporting as of Sunday.
• Schneider is simultaneously pursuing a roughly €1.27 billion (about $1.4 billion) buyout of Bulgarian smart-home device maker Shelly Group, part of a broader software and digital-operations push.
• Pairing Schneider's industrial hardware with PTC's design and AI software reflects a broader bet that recurring software revenue is more durable than equipment sales alone.