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PTC: Divestiture of two IoT businesses yields $375M for share buybacks and sharpens strategic focus
PTC divested its Kepware and ThingWorx IoT businesses for $523 million, with $375 million in after-tax proceeds allocated for share repurchases. This strategic move aims to sharpen the company’s focus on its Intelligent Product Lifecycle vision, as reflected in its updated FY’26 guidance.