Schneider Electric acquires Cognite

2026-06-30 · Publisher : Schneider Electric · Domain : Industry 4.0 & 5.0

Schneider Electric signs the acquisition of 100% of Cognite, the Norwegian industrial data and AI specialist, for $3.1 billion in cash. Cognite will be integrated into AVEVA to provide the data and agentic AI foundation of its CONNECT platform.

What changes

  • Definitive agreement announced in late June 2026 for 100% of Cognite, in cash, for $3.1 billion.
  • Cognite brings Data Fusion (unified data model and knowledge graph) and Atlas AI (agentic AI).
  • More than $170 million of revenue in 2025 and more than 800 employees.
  • Integration into AVEVA and its CONNECT platform after regulatory approvals.

### Background On 30 June 2026, Schneider Electric announces a definitive agreement to acquire **100% of Cognite Holding**, a provider of industrial data and AI software, in an all-cash transaction of **$3.1 billion** (amount confirmed by Reuters and Industrial Cyber). Cognite will be integrated into **AVEVA**, Schneider Electric's software subsidiary. ### Key facts - **Cognite Data Fusion** and its knowledge graph integrate, model and contextualize engineering, operational and enterprise data. - **Atlas AI** adds advanced modeling, generative AI and **agentic AI** to automate industrial workflows. - Cognite, founded in 2017, employs more than 800 people; revenue above $170 million in 2025, with 36% growth in ARR bookings. - Cognite's technologies become the data and AI foundation of the **AVEVA CONNECT** platform; the business is consolidated in Schneider's Industrial Automation business. - Completion subject to regulatory approvals, expected in the following quarters. ### Why it matters Schneider Electric justifies the deal by the shift from AI that describes what is happening to AI that decides and acts, which requires a unified, contextualized industrial data foundation. For asset-intensive industries (energy, process), data context becomes the strategic asset, after Autodesk–MaintainX and Siemens Intelligence Center X. ### Takeaway After compute and models, the industrial AI battle moves to the contextualized data layer.

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Tags : Acquisition, Données industrielles, IA agentique, Schneider Electric