$PTC · PTC INC.

PTC Inc. entered into a definitive merger agreement with Schneider Electric SE on October 4, 2026, under which Schneider Electric will acquire all outstanding PTC shares for $205 per share in cash. The all-cash transaction values PTC's equity at approximately $22.6 billion and represents a 42.3% premium to the last closing price. The deal has been unanimously approved by both boards and is expected to close by Q3 2027, subject to PTC shareholder approval and regulatory clearances.

Extended-hours trading shows PTC at $195.30, up 35.60% from the regular close of $144.03, as the market prices in the $205 all-cash offer. The 42.3% premium leaves modest remaining spread to deal price, reflecting high confidence in closing.

A $22.6B all-cash takeout at a 42.3% premium by a global industrial giant reshapes the industrial software landscape and delivers immediate, certain value to PTC shareholders.

This deal creates one of the largest industrial software franchises, combining PTC's CAD/PLM/ALM capabilities with Schneider Electric's AVEVA and energy management portfolio. Software & Services would scale to ~24% of Schneider's pro forma group revenue, addressing 50,000+ customers.

Transaction may be terminated if regulatory approvals or PTC shareholder approval are not obtained; PTC may owe a termination fee under certain circumstances. Disruption to PTC's operations and management attention during the pendency period poses execution risk.