PTC Inc

NASDAQ:PTC   1:26:11 PM EDT
128.84
+3.45 (+2.75%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

PTC To Acquire Saas Plm Leader Arena Solutions

Published: 12/14/2020 13:34 GMT
PTC Inc (PTC) - Ptc to Acquire Saas Plm Leader Arena Solutions.
Ptc Inc - Ptc Will Acquire Arena Solutions for $715 Million in Cash.
Ptc Inc - Arena Solutions is Expected to End Calendar Year 2020 With Approximately $50 Million in Annualized Recurring Revenue.
Ptc Inc - Transaction is Expected to Be Neutral to FY'21 Cash Flow From Operations Target and Free Cash Flow Target.
Ptc Inc - Transaction is Expected to Be Accretive to FY'22 and Beyond.
Ptc Inc - Transaction Will Be Funded With Cash On-hand and Amounts Borrowed Under Ptc's Existing Credit Facility.