PTC to Acquire Intland Software for USD 280m.
MANews-(C)2009-2022
Boston, US-based digital transformation provider PTC (NASDAQ: PTC) has agreed to acquire Germany based next generation application lifecycle management (ALM) company Intland Software for approximately USD 280m, the company said.
The transaction will be funded with cash on hand and amounts borrowed under PTC's existing credit facility. Subject to the satisfaction of applicable closing conditions, the transaction is expected to close in PTC's fiscal third quarter.
The acquisition is expected to broaden and deepen PTC's ALM footprint across safety-critical and regulated industries.
Intland serves an array of global enterprise ALM customers operating across...
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