PTC COMPLETES DIVESTITURE OF KEPWARE AND THINGWORX BUSINESSES

Divestiture of Kepware Industrial Connectivity and ThingWorx IoT businesses enables PTC to increase focus on Intelligent Product Lifecycle vision Updating post-divestiture financial guidance for FY'26 and Q2'26 Net after-tax proceeds from the divestiture will be used for share repurchases; Announcing $375 million accelerated share repurchase program BOSTON, March 16, 2026 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced it has completed the previously announced sale of the company's Kepware® industrial connectivity and ThingWorx® Internet of Things (IoT) businesses to TPG, a leading global alternative asset management firm.    "We are pleased to complete the divestiture of our Kepware and ThingWorx businesses as we increase our focus on our Intelligent Product Lifecycle vision," said Neil Barua, President and CEO, PTC.