Europe · Business news · Corporate · 04 Oct 2026
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France's Schneider Electric is nearing an agreement to buy PTC, a Boston-based maker of product-design and engineering software, for about $20 billion, according to a Financial Times report relayed by Reuters, which said it could not immediately verify it. The report cites people familiar with the matter; talks could still end without a deal.
At about $20 billion this would be a very large purchase for a company whose core business is electrical equipment and industrial automation, and it would move Schneider further into software, where revenue is recurring and margins are higher than in hardware. For PTC holders the question is the premium; for Schneider's, how the purchase is paid for at a time when European bond yields are at multi-year highs. It also changes the field for other industrial-software sellers such as Siemens and Dassault Systemes, which compete with PTC in design and product-lifecycle tools. Nothing is signed, and no price per share has been published.
Reported by Reuters — “France's Schneider Electric nears $20 billion deal to buy US software group PTC, FT reports” ↗ on 04 Oct 2026.
Official series on 04 Oct 2026 or the last day before it, and the latest observation.
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