PTC Acquires IncQuery Group with Legal Help from Schoenherr and Hogan Lovells
Deal News | Apr 11, 2025 | CEE Legal Matters
PTC, a Massachusetts-based software firm, has expanded its capabilities in digital engineering by acquiring IncQuery Group, a provider of digital engineering solutions for systems engineers. This acquisition is expected to enhance PTC's expertise in application lifecycle management, systems engineering, and product lifecycle management, broadening its service offerings to its industrial, manufacturing, and product development clients. The legal advisors for PTC in this transaction were Schoenherr and Hogan Lovells, while Act Legal and Winkler, Barna & Associates advised the sellers. PTC's acquisition underscores the strategic importance of expanding its digital engineering portfolio to stay competitive in the evolving technology landscape.
Sectors
- Software
- Digital Engineering
- Legal Services
Geography
- United States – PTC is headquartered in Boston, Massachusetts, making the United States a primary geography for the article.
- Hungary – Hogan Lovells' team in Hungary was involved in advising PTC, indicating the geographical relevance of Hungary.
Industry
- Software – PTC is a software company, and the acquisition enhances its capabilities in digital engineering solutions, relevant to the software industry.
- Digital Engineering – IncQuery Group provides solutions in digital engineering, which is central to the expertise being expanded by PTC through this acquisition.
- Legal Services – Schoenherr, Hogan Lovells, Act Legal, and Winkler, Barna & Associates are involved in providing legal advisory services for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PTC | Acquirer | Company | A software company based in Boston, Massachusetts, employing over 7,000 people and serving more than 30,000 customers. |
| IncQuery Group | Target Company | Company | A provider of digital engineering solutions for systems engineers. |
| Schoenherr | Legal Advisor | Company | Provided legal advice to PTC during the acquisition of IncQuery Group. |
| Hogan Lovells | Legal Advisor | Company | Provided legal advice to PTC with a team based in Hungary. |
| Act Legal | Legal Advisor | Company | Reportedly advised the sellers in the transaction. |
| Winkler, Barna & Associates | Legal Advisor | Company | Reportedly advised the sellers in the transaction. |