October 08, 2026 | Technology | North America | Active
On 5-Oct-26, Schneider Electric announced a definitive agreement to acquire US engineering software provider PTC for $205 per share in cash, or $22.6bn (€20.1bn). The takeover premium is 42.3% and values PTC at 21x EV / Adjusted ’27E EBITA, or 13x including full run-rate synergies. Funding will come from €5-6bn of new equity and €16-17bn of new debt, backed by a €22bn committed bridge facility. The deal requires approval by a majority of PTC’s outstanding shares, but no Schneider shareholder vote is required. Regulatory conditions include HSR, CFIUS, and foreign antitrust and FDI approvals, with an HSR filing due by 10-Nov-26. Defense Counterintelligence and Security Agency (DCSA) approval is not a closing condition, but the parties must notify the DCSA under National Industrial Security Program Operating Manual (NISPOM) rules. Both have committed to use reasonable best efforts to complete the deal. Schneider has also agreed to ...
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