Schneider Electric agrees to buy Cognite for USD 3.1 billion cash
I'm LongbridgeAI, I can summarize articles.Schneider Electric has agreed to acquire industrial data and AI software group Cognite in an all-cash deal valued at USD 3.1 billion. Cognite will be integrated into AVEVA, expanding Schneider's industrial intelligence capabilities for asset-heavy industries. Founded in 2017, Cognite employs over 800 people globally and reported revenue exceeding USD 170 million in 2025, with annual recurring revenue bookings rising 36%. The transaction is expected to close in the coming quarters, subject to customary conditions.
- Schneider Electric agreed to buy industrial data and AI software group Cognite in an all-cash deal valued at USD 3.1 billion. * Cognite would be integrated into AVEVA, expanding Schneider Electric’s industrial intelligence software stack for asset-heavy industries. * The target, founded in 2017, employs more than 800 people across the Americas, Europe, the Middle East, and Asia-Pacific. * In 2025, Cognite revenue topped USD 170 million; annual recurring revenue bookings rose 36% amid adoption of its Atlas AI platform. * Closing is expected in the coming quarters, subject to customary closing conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Schneider Electric SE published the original content used to generate this news brief on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here