PTC Inc

NASDAQ:PTC   4:00:00 PM EDT
127.21
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Debt Financing / Related, Mergers / Acquisitions

PTC To Acquire Leading SaaS Field Service Management Provider ServiceMax

Published: 11/17/2022 14:16 GMT
PTC Inc (PTC) - Ptc to Acquire Leading Saas Field Service Management Provider Servicemax.
Transaction Expected to Be Accretive to Ptc's Saas Arr and Cash Flow in FY'23.
Purchase Price Will Be Funded in Two Stages, With $808 Million Paid at Closing and $650 Million Paid in October 2023.
Transaction Will Be Funded With Cash on Hand, Borrowings Under Ptc's Existing Credit Facility, and a New $500 Million Committed Term Loan.
Servicemax is Expected to Contribute Approximately $160 Million in Arr for Ptc's Q2'23.