Schneider Electric agrees to acquire Cognite, an industrial AI and data software company, in an all-cash transaction valued at $3.1 billion. Multiple outlets report that the French energy and industrial automation group is using the deal to expand its industrial data and AI software capabilities. Schneider said it will fold Cognite into AVEVA, its industrial software unit, which would bring Cognite’s technology and products into its broader software business. The acquisition is subject to regulatory approvals and other customary closing conditions, and the timing of completion is not specified in the provided coverage. The reports describe Cognite as a company focused on industrial software intended to help manage and interpret industrial operations, aligning with Schneider’s strategy to provide more advanced digital solutions for factories and power-related infrastructure. The transaction is described as being made entirely in cash, with Schneider set to purchase all of Cognite. Overall, the sources agree on the parties involved, the purchase price, the all-cash structure, and the planned integration into AVEVA.
Schneider Electric to acquire Cognite for $3.1 billion in all-cash deal
Schneider Electric agrees to acquire Cognite, an industrial AI and data software company, in an all-cash transaction valued at $3.1 billion. Multiple outlets report that the French energy and industri...
- Schneider Electric agrees to buy Cognite for $3.1 billion.
- The deal is all-cash.
- Schneider plans to integrate Cognite into AVEVA, its industrial software unit.
- The acquisition is pending regulatory approval and other customary closing conditions.
- The stated purpose is to expand Schneider’s industrial data and AI software business.
The French energy company plans to fold Cognite into AVEVA, its industrial software unit, pending regulatory approval
1 month agoSchneider Electric is buying Cognite, a Norwegian-founded industrial AI company, for $3.1bn in cash. The French group wants software that can make factories and power grids think for themselves. Schneider Electric said on June 30, 2026 that it had agreed to acquire all of Cognite in an all-cash deal worth $3.1bn. Cognite builds software that […] This story continues at The Next Web
1 month agoSchneider Electric SE agreed to buy Cognite in a $3.1 billion all-cash deal to expand its industrial data and AI software business.
1 month agoSchneider Electric SE agreed to buy Cognite in a $3.1 billion transaction to expand its industrial data and AI software business.
1 month ago
Jobseekers and employers increasingly use AI tools in hiring, sparking debate
AI tools are becoming more common in the hiring process, with both employers and jobseekers using automated systems to s...
How AI coding tools reshape software jobs, workflows, and production quality
AI coding tools and “agentic” systems are increasing coding throughput, shifting day-to-day engineering work toward revi...
Andreessen Horowitz Raises $1.1 Billion for New AI Infrastructure Fund
Andreessen Horowitz says it has raised $1.1 billion for its newest artificial intelligence infrastructure fund. Bloomber...