Schneider Electric in talks to buy PTC for $205 a share, FT and Bloomberg report
The Financial Times first reported the talks, with Bloomberg citing a source putting the deal value above $20bn.
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Chart: PTC, one-minute prices, three sessions
UpdateMonday, October 5, 2026 at 7:24 AM ET
The deal has moved from reported talks to a signed merger agreement, with equity value now put at $22.6bn rather than the previously reported $20bn-plus estimate.
PTC and Schneider Electric have signed a merger agreement, moving the deal from talks to a confirmed transaction. The agreement, dated October 4, 2026, values PTC's equity at approximately $22.6bn and the company's enterprise value at $23.7bn. It includes a termination fee of $700 million payable by PTC under specified circumstances. Closing requires shareholder approval and regulatory clearances, including Hart-Scott-Rodino and CFIUS review. PTC's common stock will be delisted from the Nasdaq Global Market once the deal completes.
Schneider Electric is in talks to acquire PTC, the industrial software maker, at $205 a share in cash, according to the Financial Times, which first reported the discussions. Bloomberg, citing a source, put the deal's value above $20bn.
PTC's market value stood at roughly $15.6bn on October 4, based on LSEG data cited by Reuters, a figure that would put the reported offer well above the company's recent valuation. The Financial Times reported that the price would also mark a significant premium to PTC's closing level on October 2.
Any agreement would need regulatory clearance in both the United States and Europe, the Financial Times reported. Schneider Electric has moved before to add software to its industrial business: it bought AVEVA for $11bn in 2023 and agreed in June 2026 to buy the Norwegian industrial AI firm Cognite for $3.1bn, a deal still awaiting approval.
An all-cash deal at a fixed price would remove PTC as an independent trading vehicle, replacing the open-ended upside of standalone results with a locked, deal-bound outcome. Cash deals of this kind typically trade close to the offer price as closing nears, shifting investor attention to timeline and antitrust review rather than quarterly performance. For Schneider Electric, folding PTC's software into its own operations would reshape the competitive landscape in industrial automation and product lifecycle software, and could set a reference price against which other industrial software companies are measured if further consolidation follows.