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Schneider Electric buys industrial AI company Cognite for $3.1bn
Upon completion of the deal, the French energy services giant will combine Cognite with its own industrial software business, Aveva.
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thenextweb.com
Schneider buys industrial-AI firm Cognite for $3.1bn
Schneider Electric is buying industrial-AI firm Cognite for $3.1bn in cash, folding it into Aveva to push agentic AI onto the European factory floor.
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economictimes.indiatimes.com
Schneider Electric signs deal to buy AI software player Cognite for $3.1 billion - The Economic Times
The French multinational said in a press release it would pay $3.1 billion for the whole of Cognite in an all cash deal.
