Schneider Electric Nears $20 Billion Acquisition of PTC Software
Schneider Electric is reportedly close to a $20 billion deal to acquire U.S. industrial software maker PTC, a move that would rank among the largest tech acquisitions of the year.
Schneider Electric is in advanced talks to acquire U.S.-based industrial software company PTC in a deal valued at approximately $20 billion, according to reports. If completed, the transaction would represent one of the most significant technology acquisitions of the current year and a major strategic expansion for the French energy management and automation giant.
PTC, headquartered in Boston, develops software used in product lifecycle management, industrial IoT, and augmented reality applications — sectors that align closely with Schneider Electric's existing focus on digital transformation for industrial and energy clients. A deal of this scale would substantially deepen Schneider's software portfolio and accelerate its push into high-margin recurring revenue streams.
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For Schneider Electric, acquiring PTC would mark a significant escalation in its strategy to compete with rivals such as Siemens and Honeywell, both of which have invested heavily in industrial software capabilities in recent years. The French conglomerate has previously made smaller bolt-on software acquisitions, but a $20 billion transaction would signal a more aggressive growth posture.
The reported deal also reflects broader consolidation trends in the industrial software sector, where hardware-oriented companies are seeking to build or buy recurring software revenue to improve valuation multiples and reduce cyclical exposure. No final agreement has been announced, and negotiations could still fall through or terms could change before any signing.
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