# TPG to acquire PTC's Kepware and ThingWorx businesses

TPG has agreed to acquire PTC's Kepware industrial connectivity and ThingWorx IoT businesses. The transaction will provide the businesses with additional capital and expertise.

- Type: Acquisition
- Announced: 2025-11-05
- Where: United States
- Status: announced
- Products: industrial connectivity software, IoT software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [PTC](https://endata.com/companies/3113.md) (target)
- [TPG](https://endata.com/companies/10791.md) (acquirer)

## Sources

- [tpg.com](https://www.tpg.com/news-and-insights/tpg-to-acquire-ptcs-industrial-connectivity-and-iot-businesses), 2025-11-05: "We're pleased to reach this agreement with TPG as we increase our focus on delivering our Intelligent Product Lifecycle vision for customers through our core CAD, PLM, ALM, and SLM offerings and the ongoing adoption of AI and SaaS."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.