TPG to Acquire PTC's Industrial Connectivity and IoT Businesses
PTC (NASDAQ: PTC) agreed to sell its Kepware industrial connectivity and ThingWorx IoT businesses to TPG, with TPG investing via TPG Capital.
The companies said the deal will give Kepware and ThingWorx additional capital and expertise to accelerate growth while enabling PTC to concentrate on its Intelligent Product Lifecycle strategy focused on CAD, PLM, ALM, SLM, AI, and SaaS. The transaction is expected to close in first half of calendar year 2026, subject to regulatory approvals and closing conditions.
PTC (NASDAQ: PTC) ha accettato di vendere le sue attività di connettività industriale Kepware e IoT ThingWorx a TPG, con TPG che investe tramite TPG Capital. Le aziende hanno dichiarato che l'accordo offrirà a Kepware e ThingWorx capitale ed expertise aggiuntivi per accelerare la crescita, consentendo a PTC di concentrarsi sulla sua strategia Intelligent Product Lifecycle focalizzata su CAD, PLM, ALM, SLM, IA e SaaS. Si prevede che la transazione si chiuda nella prima metà dell'anno solare 2026, soggetta ad approvazioni regolamentari e condizioni di chiusura.
PTC (NASDAQ: PTC) acordó vender sus negocios de conectividad industrial Kepware y IoT ThingWorx a TPG, con TPG invirtiendo a través de TPG Capital. Las compañías dijeron que el acuerdo proporcionará a Kepware y ThingWorx capital adicional y experiencia para acelerar el crecimiento, al mismo tiempo que permitirá a PTC concentrarse en su estrategia de Ciclo de Vida Inteligente del Producto centrada en CAD, PLM, ALM, SLM, IA y SaaS. Se espera que la operación se cierre en la primera mitad del año calendario 2026, sujeto a aprobaciones regulatorias y condiciones de cierre.
PTC (NASDAQ: PTC)는 Kepware의 산업 연결성과 ThingWorx IoT 비즈니스를 TPG에 매각하기로 합의했습니다. TPG는 TPG Capital을 통해 투자합니다. 양측은 이번 거래가 Kepware와 ThingWorx에 추가 자본과 전문성을 제공해 성장을 가속화하는 한편, PTC가 CAD, PLM, ALM, SLM, AI 및 SaaS에 중점을 둔 지능형 제품 수명주기 전략에 집중할 수 있게 할 것이라고 밝혔습니다. 거래는 규제 승인 및 마감 조건에 따라 2026년 첫 반기에 마감될 것으로 예상됩니다.
PTC (NASDAQ : PTC) a accepté de vendre ses activités Kepware de connectivité industrielle et ThingWorx IoT à TPG, TPG investissant via TPG Capital.
Les entreprises ont déclaré que l'accord apportera à Kepware et ThingWorx des capitaux et une expertise supplémentaires pour accélérer la croissance, tout en permettant à PTC de se concentrer sur sa stratégie Intelligent Product Lifecycle axée sur le CAD, le PLM, l'ALM, le SLM, l'IA et le SaaS. La transaction devrait être finalisée au cours du premier semestre de l'année civile 2026, sous réserve des approbations réglementaires et des conditions de clôture.
PTC (NASDAQ: PTC) hat zugestimmt, seine Kepware-Geschäftsbereiche für industrielle Konnektivität und ThingWorx-IoT an TPG zu verkaufen, wobei TPG über TPG Capital investiert.
Die Unternehmen teilten mit, dass der Deal Kepware und ThingWorx zusätzliches Kapital und Fachwissen verschaffen wird, um das Wachstum zu beschleunigen, während PTC sich auf seine Intelligent Product Lifecycle-Strategie konzentrieren kann, die sich auf CAD, PLM, ALM, SLM, KI und SaaS konzentriert. Die Transaktion wird voraussichtlich in der ersten Hälfte des Kalenderjahres 2026 abgeschlossen sein, vorbehaltlich regulatorischer Genehmigungen und Abschlussbedingungen.
PTC (NASDAQ: PTC) وافقت على بيع أعمال Kepware للاتصال الصناعي و< b>ThingWorx IoT إلى TPG، حيث تستثمر TPG عبر TPG Capital.
قالت الشركات إن الصفقة ستوفر لـ Kepware وThingWorx تمويلًا إضافيًا وخبرة لتسريع النمو مع تمكين PTC من التركيز على استراتيجيته Intelligent Product Lifecycle (دورة حياة المنتج الذكية) التي تركز على CAD وPLM وALM وSLM وAI وSaaS. من المتوقع أن تكتمل الصفقة في النصف الأول من عام 2026 بالتقويم الميلادي، رهناً بالموافقات التنظيمية وشروط الإغلاق.
- TPG investment provides additional capital and expertise for Kepware and ThingWorx
- PTC refocuses on Intelligent Product Lifecycle, CAD, PLM, ALM, SLM, AI and SaaS
- Transaction targets close in H1 2026 (subject to approvals)
- PTC divests Kepware and ThingWorx, reducing product portfolio breadth
- Deal remains subject to regulatory approvals and other closing conditions
Insights
Sale of Kepware and ThingWorx to TPG refocuses PTC on core product lifecycle and supplies growth capital to the IoT assets.
PTC's divestiture transfers its Kepware industrial connectivity and ThingWorx IoT businesses to TPG, enabling PTC to concentrate resources on its Intelligent Product Lifecycle stack (CAD, PLM, ALM, SLM) and AI/SaaS adoption. The buyer will provide capital and private‑equity operational support intended to accelerate the platforms' growth in manufacturing and critical infrastructure sectors.
Key dependencies include completion of regulatory approvals and other closing conditions, with the transaction expected to close in the
Watch for three concrete signals: regulatory clearance and closing (near‑term), any disclosed transitional services or commercial continuity agreements, and post‑close investment or staffing plans from TPG within 6–12 months. These items will clarify whether the sale is value‑accretive operationally for the platforms and strategically for PTC.
- Sale of Kepware and ThingWorx businesses enables PTC to increase focus on Intelligent Product Lifecycle vision
- Transaction will provide the Kepware and ThingWorx businesses with additional resources for growth
The transaction would provide the businesses with additional capital and expertise to accelerate growth and further their leadership to meet the evolving connectivity and data needs of manufacturing organizations. TPG will invest in the businesses through TPG Capital, the firm's
"We're pleased to reach this agreement with TPG as we increase our focus on delivering our Intelligent Product Lifecycle vision for customers through our core CAD, PLM, ALM, and SLM offerings and the ongoing adoption of AI and SaaS," said Neil Barua, President and CEO, PTC. "With our resources and investments concentrated in these areas, we are confident we can help our customers address their most pressing challenges by enabling them to fully leverage the value of their product data and to transform each stage of the product lifecycle."
Barua continued, "Kepware and ThingWorx are leading products, and we are pleased that they are gaining an outstanding partner in TPG that is committed to their future growth and to meeting the evolving needs of customers. We look forward to continuing to work with these businesses as they scale and evolve under TPG's ownership."
"There is a generational opportunity to evolve and progress manufacturing through solutions that bridge the gap between operational and information technology," said Art Heidrich, Partner at TPG. "Kepware and ThingWorx are driving the digital transformation of the shop floor, helping customers manage and improve their production processes. We are excited to partner with PTC and look forward to supporting the next chapter of growth for these software platforms."
Kepware facilitates connectivity between industrial automation devices and applications, acting as a communication platform that enables data exchange and integration across a diverse range of industries including manufacturing, oil and gas, and utilities to simplify the process of collecting, monitoring, and controlling data from multiple sources. ThingWorx is a comprehensive IoT platform for industrial enterprises that connects systems, analyzes data, and enables the remote management of devices through a secure and scalable architecture.
The transaction is expected to close in the first half of calendar year 2026, subject to the satisfaction of regulatory approvals and other closing conditions.
Advisors
Centerview Partners is serving as exclusive financial advisor, and Simpson Thacher & Bartlett LLP and Choate Hall & Stewart LLP are serving as legal advisors to PTC in connection with the sale of the businesses to TPG.
Evercore is serving as lead financial advisor to TPG, and Barclays is also serving as financial advisor. Ropes & Gray LLP is serving as legal advisor to TPG.
About PTC
PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products that the world relies on. Headquartered in
About TPG
TPG is a leading global alternative asset management firm, founded in
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements about future events and expectations, including the likelihood and expected timing of closing of the transaction and the anticipated benefits of the transaction. These statements are "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from those projected as a result of certain risks and uncertainties, including that regulatory approvals under the Hart-Scott-Rodino Act and other applicable laws may not be received when or as we expect; other closing conditions may not be satisfied when or as we expect or may be waived; the transaction may not be consummated; the anticipated benefits of the transaction may not be realized when or as we expect; the transaction may be more disruptive to PTC's business and the businesses than we expect; and other risks and uncertainties described in PTC's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the
PTC Contacts:
Media
Greg Payne
gpayne@ptc.com
Investor Relations
Matt Shimao
mshimao@ptc.com
investor@ptc.com
TPG Contacts:
Courtney Power
media@tpg.com
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SOURCE PTC Inc.
FAQ
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