secwatch.observer — SEC 8-K summary
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Issuer:     PTC INC. (PTC)
CIK:        0000857005
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001564590-22-014784
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857005/000156459022014784/0001564590-22-014784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857005/000156459022014784/ptc-8k_20220419.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-014784

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer