Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 30

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 30
---
3. These costs are classified in General and administrative expense in the accompanying Consolidated Statements of Operations.pure-systemsOn 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.ServiceMaxOn 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.

6. Goodwill and Intangible AssetsGoodwill and acquired intangible assets consisted of the following:

        (in thousands)
         
        December 31, 2024

        September 30, 2024

        GrossCarryingAmount

        AccumulatedAmortization

        Net BookValue

        GrossCarryingAmount

        AccumulatedAmortization

        Net BookValue

        Goodwill (not amortized)

        $
        3,423,420

        $
        3,461,891

        Intangible assets with finite lives (amortized):

        Purchased software
         
        $
        628,414

        $
        440,693

        $
        187,721

        $
        634,439

        $
        436,471

        $
        197,968

        Capitalized software

        22,877

        22,877

        —

        22,877

        22,877

        —

        Customer lists and relationships

        1,129,789

        460,818

        668,971

        1,141,086

        457,718

        683,368

        Trademarks and trade names

        37,565

        22,149

        15,416

        37,