on SCHNEIDER ELECTRIC (EPA:SU)
Schneider Electric to Acquire Cognite for $3.1 Billion
Schneider Electric has signed a definitive agreement to acquire Cognite Holding B.V. for $3.1 billion in cash. This acquisition aims to enhance Schneider's capabilities in industrial AI by integrating Cognite's advanced data and AI platform into its operations.
The acquisition aligns with Schneider Electric's strategy to strengthen its position in the industrial AI space. Cognite's platform, renowned for its industrial grade AI, offers advanced analytics and operational decision-making capabilities. It will complement Schneider's existing software company, AVEVA.
The deal is expected to close in the coming quarters, subject to regulatory approvals. Cognite will be integrated with AVEVA, enhancing Schneider's Industrial Automation business. This move marks a significant step towards more intelligent and efficient industrial operations.
R. E.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SCHNEIDER ELECTRIC news