PTC acquires Intland Software for ~$280M cash to add Codebeamer ALM product suite

PTC INC.

Cash purchase price of ~$280M, adjusted for cash, net debt, and working capital.
Target develops Codebeamer ALM family, including cloud-ready integrated offering.
Acquisition expected to close in Q3 FY2022; funded via PTC credit facility.
W&I insurance policy of EUR50M covers business warranties; no recourse to sellers.
Transaction subject to customary closing conditions including change of Eger Invest fiscal year.

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