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Financial Times says Schneider nears a $20 billion deal for PTC

The Financial Times reported on Sunday, October 4, 2026, that Schneider Electric is close to buying PTC for about $20 billion, 28% above Friday's market value if that price is for the shares alone.

· 2 min read · ETF.net Research

A female engineer reviews a 3D digital design on her laptop while working alongside testing equipment in an industrial workshop.

Key takeaways

  • A 28% premium is only one way to read it.
  • Bloomberg's account put the price above the Financial Times.
  • Even the higher price leaves holders under a recent high.
  • S&P said a deal this size gets its own review.

Schneider Electric is close to buying PTC for about $20 billion, the Financial Times reported on Sunday. PTC, based in Boston, sells the software manufacturers use to design a product and manage it over its life.

Friday's close of $144.03, times the 108.5 million shares PTC reported outstanding on July 29, values the company at $15.6 billion. A price of $20 billion for those shares would be about 28% above that, or $184 a share.

The reports do not say whether the $20 billion buys the shares or the whole company, debt included. If it includes the debt, the price of the shares is $20 billion minus PTC's $1.425 billion of debt, plus its $351 million of cash. That leaves about $18.9 billion for shareholders, 21% above Friday's market value, or $174 a share.

Bloomberg, citing a person familiar with the matter, said the price was more than $20 billion. That would put the offer above either of those prices.

The Financial Times, citing people with knowledge of the talks, said an announcement could come as soon as Monday, and that the discussions might still fall apart. By Sunday evening, neither company had confirmed the talks, and neither stock had traded since Friday.

Even $184 a share would leave holders below the $206.82 the stock reached in the past 52 weeks.

In July, Jen DiRico, PTC's chief financial officer, said the company had identified "a compressed valuation of our stock" and bought back more than twice what it had targeted for the quarter.

The Financial Times called the possible purchase Schneider's largest, ahead of its 2023 purchase of AVEVA, the British industrial-software business Schneider already owns, for about $11 billion.

At the end of June, Schneider's debt exceeded its cash by €15.4 billion. In July the company said it remained committed to its A credit ratings.

In April 2024, when S&P Global Ratings raised Schneider to A, it said it understood that management would build a cushion before a larger acquisition, and that S&P would review any major deal separately. Schneider has not said how it would pay.

The question for a PTC holder on Monday is whether a deal is announced, and whether $20 billion means $184 a share or $174.

Frequently asked questions

What does PTC sell?

PTC sells the software manufacturers use to design a product and manage it over its life.

How far is $20 billion above Friday's value?

A price of $20 billion for the shares alone would be about 28% above Friday's market value, or $184 a share.

Does the $20 billion include PTC's debt?

The reports do not say whether the $20 billion buys the shares or the whole company, debt included.

When could a deal be announced?

The Financial Times said an announcement could come as soon as Monday, and that the discussions might still fall apart.

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