Schneider Electric Agrees to Acquire PTC for $22.6 Billion

Has Schneider Electric's PTC acquisition closed?

No. The companies signed a definitive agreement on October 5, 2026, and Schneider Electric expects the transaction to close by Q3 2027.

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Why does the PTC acquisition matter for Schneider Electric?

PTC generated €2.4 billion of revenue at about a 40% adjusted EBITA margin in calendar 2025, and Schneider Electric says the combination would expand its addressable industrial-software market by about threefold.

Will Schneider Electric shareholders be diluted?

Yes, if the financing proceeds as planned. Schneider Electric expects to issue about €5 billion to €6 billion of equity and €16 billion to €17 billion of new debt to fund approximately €22 billion of cash consideration, with the exact equity dilution depending on the issuance terms.

What could the acquisition mean for Schneider Electric shareholders?

Schneider Electric expects the deal to be low-single-digit accretive to adjusted EPS before purchase-price-accounting effects in the first full year of consolidation and mid-to-high-single-digit accretive with full run-rate synergies. Those estimates depend on the transaction closing and management delivering the expected synergies.

What synergies is Schneider Electric targeting?

Schneider Electric expects €250 million of annual run-rate cost synergies by Year 3 and approximately €800 million of revenue synergies, which are management forecasts rather than guaranteed results.

What must happen before the PTC deal closes?

PTC shareholders holding at least a majority of outstanding shares must approve the merger, and the companies must obtain the required regulatory approvals before the targeted Q3 2027 closing.