Schneider Electric is closing in on a roughly $20bn takeover of US engineering software provider PTC in a deal that would be the French industrial conglomerate’s largest acquisition ever, according to people familiar with the matter. An agreement could be announced as soon as Monday, although discussions were ongoing and there was no certainty they would result in a deal.
The potential transaction would boost Schneider’s offering of software solutions for manufacturers. US-listed PTC has a market capitalisation of $15.5bn, meaning the expected deal would value the target at a sizeable premium. PTC’s shares have fallen 15.3 per cent in 2026, while Schneider’s are up 28 per cent, giving it a market capitalisation of €175bn.
PTC, founded in Boston in 1985, expects up to $2.75bn in revenues this year. Buying PTC would far eclipse Schneider’s $11bn takeover of UK-listed Aveva in 2023. PTC’s software, including design product Creo, would complement Aveva’s capabilities.
The deal would mark a rare software transaction amid a slowdown in sector dealmaking. Only 10 megadeals were agreed globally in the third quarter. Schneider CEO Olivier Blum has pursued acquisitions, including deals for Cognite and Shelly Group. Schneider, serving chipmakers like Nvidia, benefits from the AI data centre boom.
Source: Financial Times Companies · Summarized by HeadlinesBriefing