PTC Shopping for a Buyer
The higher stock price drives PTC market capitalization past the $2 billion mark. Published reports today suggest the asking price is $2 billion, but stockholders will likely want a premium above recent trading level.
PTC is coming off the second-best quarter in company history, and recently announced a blockbuster multi-year deal with EADS, the parent company of Airbus, that will over time become its largest single sale. The sale came after a long and rigorous benchmarking process that pitted PTC’s Windchill PLM software against rival products from Siemens PLM and Dassault Systemes. For details on EADS’ benchmark process, see the CADCAMNet article, “EADS Raises the Bar for PLM Benchmarking.”
In recent years PTC has been following a growth by acquisition strategy, picking up smaller technology firms with complimentary products, including Arbortext for product documentation, ITEDO for technical illustration, and CoCreate for its alternative 3D CAD software which uses an explicit approach as opposed to PTC’s Pro/ENGINEER, which pioneered parametric 3D modeling.
More details Thursday in CADCAMNet.
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