France’s Schneider Electric is nearing a deal to acquire US software company PTC for about $20 billion, the Financial Times reported on October 4, according to Reuters. The newspaper cited people familiar with the matter. Talks were continuing, and an agreement was not certain.
Reuters said it could not immediately verify the FT report and that neither company immediately answered requests for comment outside normal business hours. The reported sum therefore remains a possible transaction value, rather than a confirmed purchase price. An announcement could come as soon as Monday, October 5, the FT reported.
Boston-based PTC had a market capitalization of $15.63 billion, Reuters said, citing LSEG data. The agency also reported that PTC raised its annual revenue forecast in July following third-quarter results, pointing to strong demand for its main industrial software and artificial intelligence tools.
PTC says its software helps manufacturers manage product data across design, manufacturing and servicing. Its corporate website lists computer-aided design and product lifecycle management among its offerings. Schneider’s first-quarter 2026 release describes its business as combining energy management and industrial automation for data centers, buildings, industry and infrastructure.
PTC has already reshaped its portfolio this year. In a March 16 statement, it confirmed the sale of its Kepware industrial connectivity and ThingWorx Internet of Things businesses to TPG. Chief executive Neil Barua said the disposal would sharpen its focus on intelligent product lifecycle management. That completed sale is separate from the newly reported acquisition talks.
A combination would bring PTC’s product software under a group with extensive energy and automation activities, based on the companies’ descriptions of their businesses. Its practical effects would depend on agreed terms and an integration plan. The next step remains confirmation of whether negotiations produce an agreement; the reported Monday timing is a possibility, not an established deadline.
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