Schneider Electric has agreed to acquire PTC Inc. in an all-cash deal valued at $205 per share, representing approximately $22.6 billion in equity value. The transaction represents a 42.3% premium to PTC's last closing price. The acquisition aims to create a comprehensive industrial software and AI platform, bridging product design, engineering, and data management with energy systems. PTC serves over 30,000 customers globally and generated €2.4 billion in revenue with roughly 40% adjusted EBITA margin in 2025. Schneider Electric expects to achieve €250 million in annual cost synergies by year three and approximately €800 million in revenue synergies. The deal will be financed through €5-6 billion in equity issuance and €16-17 billion in new debt. The transaction requires PTC shareholder approval and regulatory clearance, with closing anticipated by Q3 2027.

PTC has launched the FeatureScript MCP Server capability in its Onshape CAD and PDM platform. The tool enables engineers to create custom CAD features using natural language and AI, without requiring programming experience. The capability automates feature development through AI-assisted building, testing, debugging, and refinement. Engineers describe desired functionality in natural language, and AI helps build the custom feature in FeatureScript until it works as intended. Built on the Model Context Protocol, the server connects AI coding tools like Claude, ChatGPT, and Gemini directly with Onshape FeatureScript code. The resulting custom features can be shared across teams without ongoing AI interactions or recurring costs. "The future of AI in CAD is not simply text-to-CAD, but text-to-code-to-CAD," said David Katzman, EVP and general manager of Onshape and Arena at PTC. The capability is available through PTC's Onshape Labs initiative.

PTC's shares have fallen 8.4% to $146.31 over six months, contrasting with the S&P 500's 10.9% gain, following softer quarterly results. The software company, which provides digital solutions for product design and development, shows mixed signals for investors. On the positive side, PTC demonstrates exceptional customer acquisition efficiency with a payback period of just 0.5 months. The company also maintains elite profitability with a 37.8% operating margin over the past year. However, PTC's annual recurring revenue growth averaged only 8.7% over the last four quarters, reaching $2.41 billion in Q2. This underwhelming performance suggests increasing competition may be challenging the company's ability to secure longer-term commitments.