PTC Inc. (PTC)

The company now

PTC agreed on October 4, 2026 to be bought by Schneider Electric SE, a French company, for $205 in cash for each PTC share 1. Reuters reported that the deal is worth around $22.6 billion and would be Schneider's largest acquisition ever 7.

PTC has since filed a preliminary proxy statement, the document that asks shareholders to vote on the merger at a special meeting 3. Completing the deal needs approval from holders of a majority of the shares, antitrust clearance in the United States and approval from CFIUS, the US panel that reviews foreign purchases for national security 1.

The latest quarter on file is the one ended June 30, 2026, when revenue was $600 million, down 7 percent from a year earlier 4. The company said the fall reflected the sale of its Kepware and ThingWorx businesses and lower license revenue from a single large contract renewal 5. Annual recurring revenue (ARR, the yearly value of its subscriptions) excluding the sold businesses rose 7 percent to $2,412 million 4.

Schneider says it expects to close the purchase by the third quarter of 2027 2. Still open are the date of the shareholder vote, the regulators' decisions, and PTC's annual report for the fiscal year ending September 30 26.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.