PTC Inc. to acquire Axeda for about $170M cash PTC announced it has signed a definitive agreement to acquire privately-held Axeda for approximately $170M in cash. Axeda’s technology innovation, extensive customer base, and powerful partnerships directly complement the PTC ThingWorx business, and will accelerate PTC’s ability to deliver best-in-class solutions across the entire Internet of Things technology stack. Subject to satisfaction of customary closing conditions and certain regulatory approvals, the transaction is expected to be completed in PTC's Q4. The acquisition is expected to add $25M-$30M of revenue in FY15. PTC expects to draw on its credit facility to finance the transaction. Axeda has approximately 160 employees primarily located in the United States.