Schneider Electric buys industrial-AI firm Cognite for $3.1bn

The Next WebPublished Jun 30, 2026

Schneider Electric has acquired Cognite, an industrial AI company, for $3.1 billion to enhance its digital transformation capabilities in industrial sectors. This acquisition aims to integrate Cognite's AI technology with Schneider Electric's energy management solutions.

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Schneider Electric buys industrial-AI firm Cognite for $3.1bn

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