TPG to Acquire PTC's Industrial Connectivity and IoT Businesses

BOSTON and SAN FRANCISCO and FORT WORTH, Texas, Nov. 5, 2025 /PRNewswire/ -- PTC (NASDAQ: PTC) and TPG, a leading global alternative asset management firm, today announced a definitive agreement under which TPG will acquire PTC's Kepware® industrial connectivity and ThingWorx® Internet of Things (IoT) businesses (the "businesses").

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