Schneider Electric SE has agreed to buy Cognite in an all-cash transaction valued at $3.1 billion, according to multiple reports. The deal is intended to strengthen Schneider’s industrial data and AI software offerings by adding Cognite’s technology and capabilities. The acquisition fits within Schneider’s broader push to expand its focus on software and digital solutions for industrial customers. Reports describe the transaction as a cash purchase, with no mention of an alternative stock component. All sources characterize the agreement as a clear expansion of Schneider’s position in industrial data and AI, rather than a narrow hardware or manufacturing purchase. Details on timing, regulatory approvals, and financing are not provided in the excerpts shared, and additional terms beyond the headline valuation are not included in the available material. Overall, the sources agree on the core terms: the buyer is Schneider Electric, the target is Cognite, and the agreed consideration is $3.1 billion paid in cash.