Schneider Electric to buy PTC for $22.6 billion, citing AI
The French energy-tech group will pay $205 a share in cash for the US maker of design software. It calls the deal a bet on industrial AI.
Schneider Electric said on Monday, October 5, that it will buy PTC for $205 per share in cash. That values PTC’s shares at about $22.6 billion, or $23.7 billion including debt. The deal is expected to close by the third quarter of 2027.