Schneider Electric to buy PTC for $205/share in $23.7B deal

• Schneider Electric SE (SBGSF) said it has agreed to acquire U.S.-based engineering software developer PTC Inc (PTC) for $22.6 billion (€20.1 billion).
• The French conglomerate will buy PTC for $205 per share in an all-cash deal, it said in a statement.
• The transaction implies an enterprise value of $23.7 billion (€21.1 billion), representing 21x 2027E EV/adjusted EBITA, or 13x when including full run-rate synergies.
• The deal value represents a 42.3% premium to the last closing price, with closing of the transaction is anticipated by Q3 2027.

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