Schneider Electric to Acquire Cognite for $3.1 Billion to Enhance Industrial AI

Schneider Electric is set to acquire Norwegian industrial AI firm Cognite for $3.1 billion. This move aims to integrate Cognite's sophisticated software with Schneider's Aveva unit, enhancing automated decision-making in factories. Cognite specializes in organizing industrial data for actionable insights. The acquisition emphasizes the growing trend of AI in industrial applications. Cognite's revenue surpassed $170 million in 2025, with significant growth expected. The deal is pending regulatory approval. If successful, Schneider will merge both hardware and software for smarter operations.