---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-267120"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:29:10.536567+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PTC sells ThingWorx & Kepware to TPG affiliate for $600M cash plus up to $125M contingent

## Summary
- $600M base cash purchase price at closing, subject to working capital and other adjustments; up to $125M additional contingent consideration.
- Deal includes sale of ThingWorx and Kepware businesses; closing expected by Feb 1, 2026, subject to HSR and foreign regulatory approvals.
- No shareholder approval or financing condition required; outside date extends to Nov 5, 2026 if regulatory approvals pending.
- PTC agrees to a three-year non-compete on specified competitive businesses and customary indemnification provisions.
- Transaction is not subject to financing condition; TPG affiliate provides equity commitment letter.

## SEC filing metadata
- accession: 0001193125-25-267120
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000119312525267120/0001193125-25-267120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000119312525267120/ptc-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-267120
- JSON: https://secwatch.observer/filing/0001193125-25-267120.json
- Plain text: https://secwatch.observer/filing/0001193125-25-267120.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.