Home / Business and Economy / Schneider Electric Buys AI Firm Cognite for $3.1B
Schneider Electric Buys AI Firm Cognite for $3.1B
1 Jul
Summary
- Schneider Electric agreed to acquire Cognite Holding for $3.1 billion.
- Cognite generated over $170 million in revenue in 2025.
- The acquisition is expected to be integrated into Schneider's industrial software business.
- Schneider Electric announced the acquisition of Cognite on Tuesday.
Schneider Electric announced on Tuesday its agreement to acquire Cognite Holding, a privately held company specializing in AI software and industrial data.
The all-cash transaction is valued at $3.1 billion. This acquisition aims to strengthen Schneider Electric's industrial software capabilities.
Cognite, which reported over $170 million in revenue for 2025, employs around 800 individuals globally. The integration into Schneider's AVEVA business is expected in the upcoming quarters.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
