PTC Inc. completed the acquisition of Intland Software GmbH.
April 28, 2022
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PTC Inc. (NasdaqGS:PTC) signed a definitive agreement to acquire Intland Software GmbH for $280 million on April 19, 2022. The transaction will be funded with cash on hand and amounts borrowed under PTC's existing credit facility. Subject to the satisfaction of applicable closing conditions, the transaction is expected to close in PTC's fiscal third quarter. Centerview Partners LLC acted as exclusive financial advisor to PTC on the transaction. Nikolas Zirngibl, Tobias Kahnert, Christoph Wünschmann, Falk Schöning, Martin Pfluger, Falk Loose and Tim Gero Joppich of Hogan Lovells International LLP acted as legal advisors to PTC Inc.
PTC Inc. (NasdaqGS:PTC) completed the acquisition of Intland Software GmbH on April 29, 2022. PTC borrowed $264 million under its existing credit facility to fund the acquisition.
PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products. Its computer-aided design (CAD) portfolio solutions enable companies to author product data. Its product lifecycle management (PLM) portfolio solutions enable companies to manage product data and orchestrate processes. Its software can be delivered on premises, in the cloud or in a hybrid model. Its PLM products and services include Windchill PLM, ThingWorx, ServiceMax, Arena, Codebeamer, Servigistics, FlexPLM and Kepware. Its CAD products and services include Creo 3D, Onshape, Vuforia and Arbortext. Its Windchill PLM application suite manages all aspects of the product development lifecycle-from concept through service and retirement-by enabling a digital thread of product parts, materials and configuration information. Its ThingWorx platform is flexible and purpose-built for industrial Internet of things.
PTC INC. 
