Bloomberg: Schneider Electric near deal to buy PTC for over $20 billion

October 5, 2026 at 02:00 AM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Schneider Electric is nearing an agreement to acquire U.S. engineering software company PTC for more than $20 billion, Bloomberg News reported, citing a person familiar with the discussions. A transaction could be announced as early as Monday morning, the person said. Schneider Electric and PTC have not commented on the potential deal, which was reported earlier Sunday by the Financial Times.

Key Facts

Bloomberg News reported that Schneider Electric is nearing a deal to acquire PTC for more than $20 billion, citing a person familiar with the discussions.
A transaction could be announced as early as Monday morning, according to the person cited by Bloomberg.
If completed, the acquisition would be the largest in Schneider Electric's history, according to data compiled by Bloomberg.
Schneider Electric last month agreed to acquire smart-device maker Shelly Group for €1.2 billion, or about $1.35 billion.

The Reported Deal

Schneider Electric is nearing an agreement to acquire U.S. engineering software company PTC for more than $20 billion, Bloomberg News reported, citing a person familiar with the discussions. A transaction could be announced as early as Monday morning, the person said. Schneider Electric and PTC haven't commented on the potential deal, which was reported earlier Sunday by the Financial Times. If completed, the acquisition would be the largest in Schneider Electric's history, according to data compiled by Bloomberg.

Strategic Rationale

The French industrial technology company has expanded its software capabilities alongside its core businesses in energy management and automation. A deal valued above $20 billion would significantly increase Schneider Electric's exposure to industrial and engineering software while potentially providing PTC shareholders with a takeover premium. PTC develops software used by manufacturers for product design, product lifecycle management and connected industrial operations. Adding those capabilities could deepen Schneider's push toward integrating software with the equipment and automation systems used by industrial customers.

Recent Acquisition Activity

The potential acquisition would follow another recent Schneider deal. The company last month agreed to acquire smart-device maker Shelly Group for €1.2 billion, or about $1.35 billion. Investors will be watching the purchase price, financing terms and expected cost or revenue benefits to determine whether the acquisition can generate returns sufficient to justify its size.