Schneider Electric to acquire Cognite for $3.1bn
- Location
- Rueil-Malmaison / Oslo · 🇫🇷 France / Norway
- Sector
- IT / Software
- Organisations
- Schneider Electric ↔ Cognite
- Transaction
- Acquisition
- Volume
- $3.1 bn (approx. €2.7 bn) in cash
- Status
- announced
The French electrical engineering group is acquiring 100% of the industrial AI and data software provider Cognite (over 800 employees, revenue over $170 million in 2025) and intends to integrate it into its software subsidiary AVEVA. Completion subject to approvals.
Source: cognite.com ↗ · Archived copy ↗
Evidence: one source · archived copy saved · second source missing (two-source rule) · How well sourced is Eurotrack?