Schneider Electric acquires US-based PTC in a deal worth $22.6 billion

Schneider Electric, the French electrical equipment giant, has announced “the signing of a definitive agreement” to acquire, for $22.6 billion (€20.1 billion), the US company PTC, a software development firm based in Boston (Massachusetts). The acquisition will be carried out “entirely in cash at a price of $205 per share, representing 100 per cent of PTC’s share capital. PTC’s net assets are valued at approximately $22.6 billion (€20.1 billion)”, states Schneider Electric in a press release, which refers to an “implied enterprise value of $23.7 billion (€21.1 billion)”.