M&A Deal Summary

PTC Acquires ServiceMax

On November 17, 2022, PTC acquired software company ServiceMax

Acquisition Highlights
  • This is PTC’s 19th transaction in the Software sector.
  • This is PTC’s 22nd transaction in the United States.
  • This is PTC’s 4th transaction in California.

M&A Deal Summary
Date 2022-11-17
Target ServiceMax
Sector Software
Buyer(s) PTC
Deal Type Add-on Acquisition
Advisor(s) Barclays Investment Bank (Financial)
Ropes & Gray (Legal)

Target

ServiceMax

Pleasanton, California, United States
ServiceMax is a provider of field services management software solutions for technicians and offers complete end-to-end mobile and cloud-based technology for the sector. ServiceMax was founded in 1999 and is based in Pleasanton, California.

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Buyer(S) 1

Buyer

PTC

Boston, Massachusetts, United States
Category Company
Founded 1985
Sector Software
Employees6,268
Revenue 2.1B USD (2023)
DESCRIPTION

PTC is a U.S.-based computer software company specializing in 2D & 3D design software, product lifecycle management, and service management solutions. PTC was founded in 1985 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 28 of 28
Sector (Software) 19 of 19
Type (Add-on Acquisition) 26 of 26
State (California) 4 of 4
Country (United States) 22 of 22
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 Intland Software

Stuttgart, Germany

Intland Software serves an impressive array of global enterprise ALM customers operating across the automotive, life sciences, consumer electronics, and aerospace and defense industries. The company's solutions help global leaders and innovators in regulated industries break down complexity in product engineering and enable process excellence for product innovation. Intland Software was formed in 1999 and is based in Stuttgart, Germany.

Buy $280M
Mergr

Product

Company

Legal