Upon completion of the deal, the French energy services giant will combine Cognite with its own industrial software business, Aveva.

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.

The French multinational said in a press release it would pay $3.1 billion for the whole of Cognite in an all cash deal.

Grupo francês afirmou que pretende integrar a base de dados da empresa de software de IA industrial à sua própria companhia de software industrial, a Aveva

Aker ASA sells Cognite to Schneider Electric for $3.1B, generating a 20x return, and increases its stake in AI infrastructure provider Nscale to 24%.

Schneider Electric acquires Cognite for $3.1B in industrial AI push - SiliconANGLE

Upon completion of the deal, the French energy services giant will combine Cognite with its own industrial software business, Aveva.