en.Wedoany.com Reported - Schneider Electric has announced the acquisition of Cognite, an industrial data and AI software company, for $3.1 billion, aiming to strengthen its technological capabilities in smart energy management and industrial automation.
Operating in over 100 countries with approximately 160,000 employees, Schneider Electric focuses on providing efficient operational solutions for buildings, data centers, infrastructure, and power grids through interconnected digital systems. This acquisition is expected to enhance the company's ability to support enterprises in modernizing energy infrastructure and accelerating the energy transition.
Founded in 2017, Cognite is renowned for its industrial data and AI software, helping organizations utilize operational data more effectively. The company employs over 800 people across the Americas, Europe, the Middle East, and Asia-Pacific. Its cloud-native platform integrates and correlates complex industrial information through a unified data model and knowledge graph, laying the foundation for AI-driven decision-making in industrial operations. In 2025, Cognite generated annual revenue exceeding $170 million, with annual recurring revenue bookings growing by 36%, and adoption of its Atlas AI platform continues to rise.
As industrial AI evolves from the analysis phase to real-time operational execution, enterprises increasingly require trusted, high-quality data to support autonomous decision-making. Cognite's platform provides this foundation by combining industrial data with agentic AI capabilities, enabling organizations to embed AI into plant operations, engineering processes, and asset management, thereby improving efficiency and operational performance.
This acquisition also enhances the capabilities of Schneider Electric's AVEVA software business. Cognite will complement AVEVA's CONNECT industrial intelligence platform, expanding its ability to support customers throughout the entire lifecycle of industrial asset design, construction, operation, and optimization. By integrating Cognite's scalable architecture with CONNECT, customers can apply analytics and industrial AI across the entire asset lifecycle, leveraging Cognite's Data Fusion platform and knowledge graph for large-scale integration and correlation of engineering, operational, and enterprise data. Upon completion of the transaction, Cognite and AVEVA will be integrated into a single industrial intelligence platform.
Schneider Electric CEO Olivier Blum stated that Cognite has built a truly industrial-grade AI platform, transforming the complexity of operational data into a competitive advantage. This acquisition will strengthen AVEVA's position in high-growth market segments and place Schneider Electric at the core of the next phase of industrial intelligence.
Under the agreement, Schneider Electric will acquire all of Cognite's shares in an all-cash transaction. The deal is expected to close in 2026, after which Cognite will be integrated into AVEVA and reported within Schneider Electric's industrial automation business. The company believes that combining energy management expertise with Cognite's industrial AI capabilities will help customers achieve greater efficiency, resilience, and sustainability in energy-intensive operations. Olivier added that the energy transition requires intelligence, intelligence requires data, and fully unlocking its value requires AI. By bringing Cognite on board, Schneider Electric and AVEVA will combine the most comprehensive energy management and automation infrastructure with software and AI capabilities, empowering systems to think, adapt, and act.
