Schneider Electric Acquires Cognite

Schneider Electric buys Cognite for $3.1B Schneider Electric has agreed to acquire Cognite Holding, a privately-held industrial data and AI software provider, for $3.1B in cash. The acquisition is expected to integrate Cognite into Schneider's Aveva industrial soft

Schneider Electric buys Cognite for $3.1B

Schneider Electric has agreed to acquire Cognite Holding, a privately-held industrial data and AI software provider, for $3.1B in cash.

The acquisition is expected to integrate Cognite into Schneider’s Aveva industrial software business.

The deal’s completion is pending, with details on the timeline not provided.

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