Schneider Electric to Acquire PTC for $22.6 Billion

Schneider Electric to Acquire Cognite for $3.1 Billion

June 30, 2026

AI & Machine Learning

Schneider Electric entered into a definitive agreement to acquire 100% of Cognite Holding B.V. in an all-cash transaction valued at $3.1 billion. The deal is expected to strengthen Schneider Electric’s position in industrial AI and expand the capabilities of AVEVA’s CONNECT industrial intelligence platform.

TPG to Acquire PTC’s Kepware and ThingWorx Industrial Connectivity and IoT Businesses

November 5, 2025

Cloud & SaaS

PTC (NASDAQ: PTC) and TPG announced a definitive agreement under which TPG will acquire PTC’s Kepware industrial connectivity and ThingWorx IoT businesses. The transaction is expected to close in the first half of calendar year 2026, subject to regulatory approvals and customary closing conditions.

Schneider Electric Acquires WattBuy to Accelerate Residential Electrification

August 21, 2025

Energy

Schneider Electric has acquired WattBuy, a U.S.-based software platform that provides personalized energy insights and electrification solutions for homeowners. The deal brings WattBuy's API-first intelligence engine into Schneider's prosumer portfolio—alongside EnergySage and Qmerit—to deliver an integrated end-to-end residential electrification experience.

PTC Acquires ServiceMax for $1.46 Billion

November 17, 2022

Cloud & SaaS

PTC announced a definitive agreement to acquire ServiceMax, a cloud-native SaaS field service management provider, for approximately $1.46 billion in cash from an entity majority owned by Silver Lake. The acquisition is intended to extend PTC’s closed-loop PLM and digital thread capabilities into downstream enterprise asset management and field service management, and is expected to be accretive to PTC’s SaaS ARR and cash flow.

PTC Acquires SaaS PLM Provider Arena Solutions

December 14, 2020

Cloud & SaaS

PTC (NASDAQ: PTC) has signed a definitive agreement to acquire Arena Solutions, a SaaS product lifecycle management (PLM) platform provider, for $715 million in cash. The acquisition expands PTC’s SaaS product development portfolio—combining Arena’s PLM and quality management capabilities with PTC’s CAD and PLM offerings—to deliver a complete CAD + PLM SaaS solution and accelerate PTC’s leadership in industrial SaaS.

PTC Acquires Onshape

November 1, 2019

Cloud & SaaS

PTC completed the acquisition of Onshape, a cloud-native CAD and product development SaaS platform, to accelerate PTC's transition to a SaaS delivery model and expand its cloud CAD capabilities. Onshape will operate as a SaaS business unit within PTC with Jon Hirschtick reporting to PTC's CEO.