$23.7BStrategic acquisitionTechnology

Schneider Electric to buy PTC for $23.7B in all-cash industrial software deal

Schneider Electric announced plans to acquire engineering software maker PTC Inc. for $23.7 billion in cash, valuing the company at $205 per share — a 42% premium to its last close. PTC is best known for Creo, the design and simulation suite used by engineers building car parts and medical devices, alongside Mathcad, Codebeamer and the Orbit equipment-monitoring tool.

Why it matters: Schneider's hardware-management software portfolio gains the product-development layer, pushing one of the world's largest industrial companies deeper into the software stack manufacturers rely on.

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