Schneider Electric agreed to buy PTC for $22.6 billion, with the deal announced late on October 5, 2026. Schneider Electric also agreed to pay $205 per share, a 46% premium to PTC’s average share price over the last month.
Valuation and offer terms
The implied enterprise value of PTC is $23.7 billion. That figure equals 21 times PTC’s forecast 2027 operating profit.
Leadership on both sides
Olivier Blum is the chief executive of Schneider Electric. Neil Barua is the chief executive of PTC.
Schneider Electric’s software stack
Schneider Electric has a UK-based software division called AVEVA. It also has a pending $3.1 billion deal for Cognite, the Norwegian industrial data and AI software company.
PTC’s recent portfolio moves
PTC sold ThingWorx and Kepware to asset management firm TPG for $1 billion in March, with the agreement reached in late 2025. Schneider Electric’s market capitalization fell by about $15 billion after the announcement.
Read for industrial software buyers
The offer price, premium, and implied multiple give industrial software buyers a benchmark for how Schneider Electric is pricing PTC. The AVEVA and Cognite links show Schneider Electric is already assembling a broader software portfolio around the deal.