Schneider Electric to acquire industrial data and AI software provider Cognite for $3.1 billion

Schneider Electric has entered into a definitive agreement to acquire 100% of Cognite Holding B.V., a provider of industrial data and AI software, in an all-cash transaction valued at $3.1 billion. This acquisition aims to expand Schneider Electric's industrial AI and operational data capabilities, enabling customers to operationalize AI directly within plant operations, asset management, and engineering workflows.