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Autodesk focused on strategy, possible deal with PTC won't happen
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Autodesk focused on strategy, possible deal with PTC won't happen
Jul 14, 2025 6:03 AM

NEW YORK, July 14 (Reuters) - Software design maker

Autodesk ( ADSK ) said in a regulatory filing on Monday that it

plans to pursue its "strategic priorities" and make only

"targeted and tuck-in acquisitions," suggesting there will be no

deal with software firm PTC.

San Francisco-headquartered Autodesk's ( ADSK ) stock lost nearly

12% late last week amid speculation it was considering buying

computer software and services company PTC Inc. ( PTC )

Monday's one-paragraph filing did not mention Boston-based

PTC by name but left no doubt that any deal that might have been

in the works to combine the two companies is now off the table.

"We are confident in our plans to drive long-term

shareholder value," the company said, adding it will pursue its

established strategic priorities in cloud, platform, and AI. It

will also allocate capital to organic investment, targeted and

tuck-in acquisitions, and continuing its share repurchase

program as free cash flow grows, the filing says.

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