PTC Sells Kepware and ThingWorx Businesses to TPG

Reuters
Nov 06
PTC Sells Kepware and ThingWorx Businesses to TPG

PTC is selling its Kepware industrial connectivity and ThingWorx Internet of Things (IoT) businesses to TPG, a global alternative asset management firm. The transaction is expected to close in the first half of 2026, pending regulatory approvals and other customary conditions. According to PTC, this move will allow the company to sharpen its focus on its core offerings in computer-aided design (CAD), product lifecycle management $(PLM)$, application lifecycle management $(ALM)$, and service lifecycle management $(SLM)$, while enabling Kepware and ThingWorx to access additional resources and expertise for future growth under TPG's ownership.

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