Schneider Electric and PTC announced on October 5, 2026 that they signed a definitive agreement for Schneider to acquire PTC, The Register and Business Standard report. Both companies' release carries the date, and the headline numbers match across outlets.
The deal terms:
- All cash, at $205 per PTC share, per the companies' release as excerpted in search results.
- It values PTC's equity at about $22.6 billion and carries a 42% premium to PTC's last closing price, per Business Standard and the Wall Street Journal's headline summary.
- Business Standard says Schneider confirmed reports from Sunday. The Register calls it Schneider's largest deal ever.
- It is not expected to close until late next year, and regulatory hurdles are possible, The Register says.
The data center link, per The Register: PTC makes computer-aided design software and product lifecycle management tools. Schneider's market cap has more than doubled in four years on AI-driven demand for data center power and cooling. The Register says Schneider also paid roughly $850 million in late 2024 for a 75% stake in liquid-cooling maker Motivair, and $3.1 billion in June for industrial data vendor Cognite.
What Schneider says: CEO Olivier Blum told investors that owning PTC and Cognite would let Schneider build software-defined automation into power systems early in their design, and that data centers are one of its initial targets. The Register reports that quote from an investor-call transcript.
We could not open the full companies' release, so figures beyond the headline terms come from The Register.