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Schneider Electric Acquires Cognite for $3.1B: A Game Changer in Industrial AI

French multinational energy giant Schneider Electric SE said today it’s buying an industrial artificial intelligence company called Cognite Holding B.V. in a $3.1 billion all-cash deal, with an eye to strengthening its AI software and industrial data business. The deal highlights the evolving nature

#industrial ai#cognite acquisition#schneider electric#india tech industry#data analytics

· · The Next Web

Schneider Electric Acquires Cognite: A Major Industrial AI Move

Schneider Electric is buying Cognite, a Norwegian-founded industrial AI company, for $3.1bn in cash. The French group wants software that can make factories and power grids think for themselves. Schneider Electric said on June 30, 2026 that it had agreed to acquire all of Cognite in an all-cash deal

#schneider electric#cognite#industrial ai#automation#india technology