Schneider bids US$205 a share for a growing PTC
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The story behind it
Schneider Electric is paying US$22.6 billion for PTC, and its own shareholders took fright Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →
The story behind it
Schneider Electric is paying US$22.6 billion for PTC, and its own shareholders took fright Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →What the chart shows
PTC makes the software manufacturers use to design a product and track it through its working life. Its revenue grew in every financial year from 2021 to 2025, reaching US$2,739m in the year to September 2025, and its shares ended that year at US$203.02.
The shares then slid, closing at US$144.03 on Friday. Schneider Electric's agreed price of US$205 a share in cash is a 42.3% premium to that close, and only a little above where PTC stood at the end of September 2025.
Monday's close of US$192.26 leaves PTC short of the offer while the deal waits on PTC's shareholders and the regulators. Schneider's own shares fell in Paris, and it is pausing buybacks for 2027 and 2028 to pay for the purchase.
The numbers
Revenue by financial year to September, US$m (left scale); year-end share price, US$ (right). The last point is Schneider's offer; Friday closed at US$144.03.
| Revenue, US$m | Share price, US$ | |
|---|---|---|
| FY21 | 1,807 | 119.79 |
| FY22 | 1,933 | 104.60 |
| FY23 | 2,097 | 141.68 |
| FY24 | 2,298 | 180.66 |
| FY25 | 2,739 | 203.02 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
