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acquisitionAnnounced · Mar 15, 2026Industrial Connectivity and Internet of ThingsSource · CredibleArticle · Factual
TPG acquires Kepware Technologies
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
Deal value
$730M
Target
Kepware Technologies
NasdaqGS:PTC · Portland, Maine
Acquirer
TPG
Asset/Business Division Sale
Status
Completed
TPG agreed to acquire Kepware Technologies. Reported deal value: $730M. Status: Completed. Sector: Industrial Connectivity and Internet of Things. Target headquarters context: Portland, Maine, United States.
This page summarizes publicly available information about the transaction as of 2026-03-15. Figures and status may change as filings and press coverage update.
TPG Global , LLC entered into an asset purchase agreement to acquire Kepware ® industrial connectivity and ThingWorx ® Internet of Things businesses from PTC Inc. for approximately $ 73 0 million on November 5, 2025
Deal timeline
Announced
Mar 15, 2026 · in.marketscreener.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Industrial Connectivity and Internet of Things with a reported deal value of $730M. Figures and status may change as sources update.
Sources: in.marketscreener.com · Primary article · FireStrike proprietary index