PTC Inc

PTC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$163.00	Mffjkv	Mfhxccq

PTC Investor Day Reveals Acquisition of ServiceMax; Raising FVE Slightly to $106 Due to Synergies

Julie Bhusal Sharma

Nov 18, 2022

Narrow-moat PTC hosted its fiscal 2023 investor day today, shedding light on near and midterm guidance while highlighting its intended acquisition of ServiceMax for $1.46 billion, which is expected to close in January 2023. The deal will be funded with both cash and debt in two stages ($808 million at closing and $650 million in October). We assign the acquisition as having a 95% chance of going through as we do not foresee any regulatory hurdles.

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