The French group will integrate Cognite into its subsidiary AVEVA, consolidating its capabilities in industrial software and artificial intelligence applied to industry.
Schneider Electric announced on Tuesday the signing of an agreement to acquire the American company Cognite, a specialist in data and artificial intelligence software applied to industry, for an amount of $3.1 billion, paid entirely in cash. The operation, still subject to the usual finalization stages, must be completed in the coming quarters.
Ultimately, Cognite will be 100% owned by the French group and integrated into AVEVA, a software subsidiary already controlled by Schneider Electric. This integration aims to consolidate a coherent set of industrial software solutions, at the border between energy, automation and artificial intelligence.
Cognite, a key player in industrial AI
Founded in 2017 and based in Oslo for a long time before moving its headquarters to the United States, Cognite has established itself in a specific niche: the centralization and enhancement of complex industrial data, now powered by so-called “agentic” AI technologies. In other words, systems capable not only of analyzing data flows, but also of acting on production processes.
The group’s general director, Olivier Blum, insists on the strategic value of the target. “Cognite has developed something rare: a true industrial-grade AI platform, capable of transforming the complexity of operational data into competitive advantage,” he explains.
The acquisition of Cognite is part of a clear strategy: strengthening the group’s capabilities in so-called industrial AI, at the heart of new management systems for connected factories.
This operation takes place in a context of strong dynamics for the group. Schneider Electric published at the end of April a “record” turnover of 9.8 billion euros in the first quarter of 2026, driven in particular by “the strong dynamics of data centers”, segments which have become central with the explosion of needs linked to generative AI and digital infrastructures.
