Schneider Electric to Acquire AI Company
Cognite will be integrated with AVEVA and will be fully consolidated and financially reported within Schneider Electric’s Industrial Automation business.
French company Schneider Electric, a leader in energy management and automation, has announced that it has entered into a definitive agreement to acquire 100% of Cognite Holding B.V., a provider of industrial data and AI software, in an all-cash transaction valued at $3.1 billion.
In explaining the move, Schneider Electric’s leadership stated, “Industrial AI is shifting from supporting analytics to executing operations, from describing what is happening in industrial infrastructure to deciding and acting on it. Capturing this shift requires more than models: it requires a unified, contextualized foundation of industrial data on which AI can be trusted to operate at scale. Cognite brings that foundation. Its cloud native platform combines a unified industrial data model with agentic AI capabilities, enabling customers to operationalize AI directly within plant operations, asset management and engineering workflows.”
Added Olivier Blum, Schneider Electric CEO, “Cognite has built something rare, a truly industrial-grade AI platform that turns the complexity of operational data into a competitive advantage. This acquisition strengthens AVEVA, Schneider Electric’s wholly owned industrial software company, in the highest-growth segments of the market and positions Schneider Electric at the centre of the next phase of industrial intelligence.”
Blum went on to say, “I have been extremely impressed by the world-class technology team and am convinced their unique AI expertise will be a catalyst in advancing intelligence across Schneider Electric’s portfolio. At Schneider Electric, we have always believed the energy transition demands intelligence, intelligence demands data, and unlocking its full value requires AI. And the same is required in operations across process and discrete manufacturing where data in context is leveraged by AI leading to efficiency and sustainable outcomes. By bringing Cognite into Schneider Electric and AVEVA, we unite the world’s most comprehensive energy management and automation infrastructure with the software and AI capabilities to make it natively intelligent. Together, we go beyond connecting systems. We give them the ability to think, adapt, and act. This is what industrial intelligence looks like at scale.”
Founded in 2017, Cognite employs more than 800 people in the Americas, Europe, Middle East and Asia-Pacific, specializing in cloud-native data and AI platforms. In 2025, the annual revenue exceeded $170 million, marked by 36% growth in ARR bookings and a rapid adoption of the Atlas AI platform.
The transaction complements the capabilities of AVEVA’s CONNECT industrial intelligence platform, reinforcing it as a leader for comprehensive industrial intelligence solutions spanning design, build, operation and optimization.
Under the terms of the agreement, Schneider Electric will acquire 100% of Cognite’s share capital in an allcash transaction. The completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals. The transaction is expected to be completed in the coming quarters. Upon completion, Cognite will be integrated with AVEVA and will be fully consolidated and financially reported within Schneider Electric’s Industrial Automation business.
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