Schneider Electric to acquire Massachusetts-Based PTC for $22.6B

The acquisition aims to create an industrial software and AI platform connecting product design, engineering and data management with energy systems. PTC serves more than 30,000 customers worldwide and reported €2.4 billion in revenue with an adjusted EBITA margin of about 40% in 2025.

Schneider Electric expects the deal to deliver €250 million in annual cost savings by the third year, along with around €800 million in additional revenue. The acquisition will be funded through €5–6 billion in new equity and €16–17 billion in debt.

The deal still needs approval from PTC shareholders and regulatory authorities. The transaction is expected to close by the third quarter of 2027.

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The world is entering a new era of energy and industrial intelligence, driven by the shift toward new energy systems and the rapid growth of digitalization and AI.

As industrial AI becomes part of physical products, machines, processes and energy systems, it is creating new opportunities for businesses. By connecting the physical and digital worlds across design, operations and maintenance, industrial data can be turned into useful insights and AI-powered solutions that create more value for customers.

Olivier Blum, Chief Executive Officer of Schneider Electric, said, “The acquisition of PTC represents an important step forward in our ambition to lead the new era of Energy and Industrial Intelligence. Together, we are creating the industry’s most complete Software & AI powerhouse and highest-quality portfolio bridging the physical and digital worlds.

Neil Barua, President and CEO of PTC, said, “PTC provides the software the world’s leading manufacturers and product companies rely on to design, build, and maintain great products and unlock more value from their product data in an increasingly AI-driven world. Joining Schneider Electric is an incredible opportunity to elevate the scope and impact of what we deliver for our customers globally.

About Schneider Electric

Schneider Electric is a global energy technology company that helps industries, businesses and homes improve efficiency and sustainability through electrification, automation and digitalization. Its technologies support buildings, data centers, factories, infrastructure and power grids, helping them work more efficiently, and reliably. Its portfolio includes smart devices, software, AI-powered systems, digital services and expert solutions.

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