PTC to Be Acquired by Schneider Electric in $22.6 Billion Deal

Paul, Weiss is advising PTC Inc., a leader in complex industrial product design, engineering and data management, on its all-cash acquisition by global energy technology company Schneider Electric. Under the agreement, France-based Schneider will pay $205 per share for all of PTC’s outstanding shares, valuing the U.S.-based company at about $22.6 billion. The deal is expected to close by the third quarter of 2027, subject to customary closing conditions and PTC shareholder approval.

The Paul, Weiss team is led by corporate partners Laura Turano, Cristina Amodeo and Scott Barshay, and includes partners Peter Byrne, Julie Ann Lamm, Nick Schwartz and Patricia Vaz de Almeida; executive compensation partners Christopher Gonnella and Matthew Friestedt; antitrust partners Nicole Kar, Scott Sher and Lauren O’Brien; intellectual property partner Bonnie Chen and counsel Sean Kwak; litigation partners John Carlin, Geoffrey Chepiga, Daniel Gerkin, James Brower, Nicole Succar and Blake Rohrbacher and counsel Audrey Paquet and Joshua Thompson; tax partner Brian Krause and counsel Alyssa Wolpin; and real estate partner Peter Fisch.