PTC surges after Schneider Electric agrees to $22.6 bln buyout deal

Schneider Electric SE

05/10/2026 10:28

** Shares of software firm PTC PTC.O rise 34.6% to $193.8 premarket
** France's Schneider Electric SCHN.PA agrees to buy PTC in an all-cash deal valuing co's equity at ~$22.6 bln
** The $205/share offer implying an enterprise value of $23.7 bln, represents a 42.3% premium to PTC's last closing price 
** This is SCHN's largest acquisition ever, per LSEG data
** Deal continues SCHN's push into software, after co struck a deal to buy Cognite Holding, a privately held provider of AI software and industrial data, in June
** As of last close, PTC stock down 17.3% while SCHN rose 17.4% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))