Acquisitions |
9 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Business Combination [Abstract] | |
| Acquisitions | 5. Acquisitions Acquisition and transaction-related costs in the third quarter and first nine months of 2025 totaled $1.6 million and $2.4 million, respectively, compared to $0.2 million and $3.0 million in the third quarter and first nine months of 2024, respectively. These costs are classified in General and administrative expense in the accompanying Consolidated Statements of Operations. pure-systems On October 4, 2023, we acquired pure-systems GmbH pursuant to a Share Purchase Agreement. The purchase price was $93.5 million, net of cash acquired, which we financed primarily with a draw on the revolving line of our credit facility. The purchase price allocation resulted in $77.1 million of goodwill, $28.2 million of intangible assets, $8.8 million of net tax liabilities, and $3.0 million of other net liabilities. ServiceMax On January 3, 2023, we acquired ServiceMax, Inc. pursuant to a Share Purchase Agreement dated November 17, 2022 for $1,448.2 million, net of cash acquired. PTC paid the first installment of $828.2 million on the acquisition date. The remaining installment of $650.0 million, of which $620.0 million represented the fair value as of the acquisition date and $30.0 million was imputed interest, was paid in October 2023. Other Acquisitions In the third quarter of 2025, we acquired IncQuery Group GmbH pursuant to a Share Purchase Agreement. The purchase price was $7.9 million, net of cash acquired, of which $6.5 million was paid in the period and $1.4 million is contingent consideration that may be paid in 2027 to the extent earned. |