National

Pro Rata

Axios Pro Rata

French conglomerate Schneider Electric has agreed to buy Boston-based industrial software maker PTC for $22.6 billion.

Why it matters: Software mega-mergers are rare in 2026, as sector dealmaking has been trapped by AI-powered uncertainty.

By the numbers: Schneider will pay $205 per share, representing a 42.3% premium to Friday's closing price.

The bottom line: PTC would be Schneider's largest-ever acquisition, topping its $11 billion purchase of Aveva in 2023, and its third billion-dollar-plus deal this year.

Boston

blue

Get smarter, faster on what matters in Boston with Mike Deehan and Steph Solis.

Axios Boston

Standard

Axios Boston Thought Bubble

Thought Bubble

Boston Alerts

Alert

Axios Boston Partners

Boston Members

Membership

Schneider Electric buying PTC for $22.6 billion

Software merga-mergers have been rare in 2026.

Illustration of a robot arm holding a metal hundred dollar bill 

Corporate earnings and M&A

Dealmaking

Economy, finance & markets

Stock market news

French conglomerate Schneider Electric has <a class="gtmContentClick" data-vars-link-text="agreed to buy" data-vars-click-url="https://www.webdisclosure.com/press-release/schneider-electric-epa-su-schneider-electric-to-acquire-ptc-creating-the-next-level-of-energy-and-industrial-intelligence-dGRqi6qds3p" data-vars-content-id="66820242-aa63-4a97-bb28-1029cbbc7083" data-vars-headline="Schneider Electric buying PTC for $22.6 billion" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.webdisclosure.com/press-release/schneider-electric-epa-su-schneider-electric-to-acquire-ptc-creating-the-next-level-of-energy-and-industrial-intelligence-dGRqi6qds3p" target="_blank">agreed to buy</a> Boston-based industrial software maker PTC for $22.6 billion.Why it matters: Software mega-mergers are rare in 2026, as sector dealmaking has been trapped by AI-powered uncertainty.

Latest news on Wall Street, Corporate America and financial regulation.

Business

Top stories & latest news on the Federal Reserve, real-time data, plus the biggest shifts happening in the U.S. and global economy.

Economy

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Technology

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

transportation

business

c-suite

retail-news

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

charlotte

salt-lake-city

denver

fort-lauderdale

cincinnati

scottsdale

boulder

kansas-city

austin

chicago

dallas

detroit

atlanta

indianapolis

nashville

nw-arkansas

columbus

hollywood

washington-dc

north-of-cincy

mesa

richmond

san-francisco

boston

des-moines

houston

phoenix

miami

philadelphia

seattle

new-orleans

colorado-springs

huntsville

raleigh

san-antonio

twin-cities

pittsburgh

san-diego

tampa-bay

portland

cleveland

arapahoe

douglas

axios-local

axios-pro

axios-live

the-axios-show

Schneider Electric buying PTC for $22.6 billion

What to read next