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SCHNEIDER ELECTRIC BUYS COGNITE FOR $3.1B

Schneider Electric agreed to acquire industrial AI company Cognite for $3.1 billion in an all-cash deal. The company plans to integrate Cognite with its existing industrial software unit Aveva.

1 SOURCEFIRST SEEN JUN 30, 04:35 PM► READ THE ARTICLE

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Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and plans to combine Cognite with its industrial software company Aveva (Frank Connelly/Bloomberg)

Frank Connelly / Bloomberg: Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and…

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