M&A · Tech · Services-Prepackaged Software
Schneider Electric SE to acquire PTC Inc.
Announced Oct 5, 2026 · Pending Nov 3, 2026
Deal value$23.70BEV $23.70B
Premium42.3%To unaffected price
EV / Adj. EBITDA15.6x8.0x EV / Revenue
ConsiderationAll cash$205.00 per share
Transaction
- Acquirer
- Schneider Electric SE
- Target
- PTC Inc. (PTC)
- Buyer type
- Strategic
- Offer price per share
- $205.00
- Enterprise value
- $23.70B
- Status
- Pending Nov 3, 2026
Deal protections
- Break fee (target pays)
- $700M · 3.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- Committed · Morgan Stanley, Société Générale
Advisors
- To the acquirer
- Morgan Stanley, Goldman Sachs
- To the target
- Evercore
- Evercore fee
- $120M
Sector context · Tech
- Comparable deals
- 67 in the prior 24 months
- Premium
- 42.3% vs. 40.0% sector median
- EV / Adj. EBITDA
- 15.6x vs. 15.4x sector median
- Break fee
- 3.0% vs. 3.0% sector median
Timeline
- AnnouncedOct 5, 2026
- Proxy filedNov 3, 2026
- Definitive proxyPending
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Discounted cash flow$160.00$210.00
Trading comparables$135.00$191.00
Trading comparables$137.00$189.00
Trading comparables$186.00$201.00
Premiums paid$173.00$202.00
Offer $205.00
Implied value per PTC Inc. share by analysis, from Evercore · DCF discount rate 11.5%–12.5%.