Schneider Electric nears PTC acquisition in potential $20bn software deal
Schneider Electric is in advanced talks to acquire PTC for about $20bn, a move that would mark the French group's biggest takeover and deepen its industrial software business. The companies are still in discussions and an agreement could be announced as soon as Monday, although there is no certainty the talks will result in a transaction.
Highlights
- Schneider Electric is in talks to acquire U.S.-listed PTC in a potential $20bn deal, representing a premium to PTC's $15.5bn market value.
- The acquisition would exceed Schneider's $11bn Aveva deal in 2023, strengthening its position in manufacturing and lifecycle management software.
- Schneider shares are up 28 percent year-to-date, giving it a €175bn market capitalization and ample capacity for significant software acquisitions.
Deal talks and strategic rationale
As first reported by the Financial Times, the potential acquisition would significantly expand Schneider's position in software used by manufacturers to design products and manage them through their lifecycle.PTC, a U.S.-listed engineering software provider based in Boston, has a market value of $15.5bn. The company was founded in the 1980s, and a deal at about $20bn would represent a premium to its current market value.
Schneider and PTC do not immediately respond to requests for comment. The discussions remain ongoing, and people with knowledge of the matter say there is no certainty they will lead to a final agreement.
Implications for Schneider's software push
For Schneider, buying PTC would far exceed its $11bn takeover of UK industrial software company Aveva in 2023. The transaction would also align with chief executive Olivier Blum's message to investors that the company will stay active in pursuing acquisitions.Schneider, which focuses on energy management and industrial automation, has seen its shares rise 28 per cent this year, giving it a market capitalisation of about €175bn. That makes it France's third-largest listed company and gives it financial firepower for a larger push into industrial software.
Our earlier article on Malaysia’s semiconductor industry ahead of Budget 2027 outlined proposals from the Malaysia Semiconductor Industry Association to strengthen the sector through bigger automation allowances, enhanced R&D tax deductions and grants, and more targeted investment incentives. It also highlighted recommendations to improve customs and duty rules for manufacturing equipment and to widen access to skilled talent and training funds to support higher-value growth and reinvestment.
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