BOSTON, MA, Apr 3, 2025 – PTC has announced the acquisition of IncQuery Group. IncQuery Group offers application lifecycle management (ALM) and systems engineering development and consultancy services to global manufacturers and product companies. IncQuery Group helps simplify the product development process by connecting hardware and software engineering systems and enables collaboration across development teams and efficient product data management. The acquisition further expands PTC’s expertise in ALM, systems engineering, and product lifecycle management (PLM) and support for customers in these areas.
“A top priority for our customers is transforming their engineering and product development processes to develop their products faster with higher quality, all while meeting regulatory and sustainability requirements,” said Neil Barua, president and CEO of PTC. “The acquisition of IncQuery Group strengthens our focus on engineering and product development and adds expertise to help accelerate our ALM and PLM portfolio integrations and better support our customers. We welcome the IncQuery Group team to PTC and look forward to their contributions.”
“IncQuery Group shares PTC’s commitment to transforming digital engineering and product development processes, and we’re thrilled to join the team,” said István Ráth, chairman of the executive board of IncQuery Group, and Ákos Horváth, chief technology officer of IncQuery Group. “This is an opportunity to support even more of the world’s leading manufacturers and product companies with our systems engineering and ALM expertise, as well as help enhance PTC’s leading engineering and product development portfolio.”
Source: PTC
About PTC
PTC Inc., founded in 1985 and headquartered in Boston, MA, is a software company specializing in product lifecycle management (PLM), CAD, augmented reality (AR), and Internet of Things (IoT) solutions. Serving industries such as aerospace, automotive, electronics, and industrial equipment, PTC’s technologies are utilized by 95% of Fortune 500 discrete manufacturing companies. As of September 30, 2024, PTC Inc. supports more than 30,000 customers globally. As of February 10, 2025, the company has a market capitalization of $20.3 billion. PTC employs around 7,500 people globally.
About IncQuery Group
Founded in 2012, IncQuery Group specializes in digital engineering solutions, offering tools and services that enhance model-based systems engineering (MBSE) processes. The company serves automotive, aerospace, and industrial automation industries, providing products like the IncQuery Suite to streamline engineering workflows. Headquartered in Budapest, Hungary, IncQuery Group has expanded its global presence with offices in the USA and Austria. The company employs approx. 200 professionals, many with R&D backgrounds. IncQuery Group maintains collaborations with organizations like Airbus, NASA JPL, and Siemens, reflecting its commitment to innovation and excellence in digital engineering.