Cognite acquired by Schneider Electric

Schneider Electric is acquiring Cognite Holding B.V., a provider of cloud‑native industrial data and AI software, to extend its digital portfolio and reinforce its position in industrial automation. The agreement, announced in June 2026, outlines an all‑cash transaction that will transfer 100% of Cognite's share capital to Schneider, subject to customary closing conditions and regulatory approvals. Integration plans place Cognite within Schneider's AVEVA software business, aligning the two platforms under a unified industrial intelligence framework. The acquisition supports Schneider's strategy to embed advanced analytics and autonomous decision‑making into its automation offerings. Cognite's data‑fusion architecture and agentic AI capabilities complement AVEVA's CONNECT platform, creating a combined solution that can ingest, model and act on data across the entire asset lifecycle. By adding a scalable, open‑architecture AI layer, Schneider aims to accelerate the delivery of AI‑driven operational improvements for its customers and to capture growth in the emerging industrial AI market. Post‑closing, Cognite's technology will be consolidated within Schneider's Industrial Automation segment, with expectations of tighter integration of data foundations, AI services and control systems. The unified platform is projected to enable faster deployment of AI use cases, improve asset performance and reduce time to value for end users, thereby strengthening Schneider's competitive positioning in the digital transformation of energy‑intensive industries.