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Schneider Electric Agrees to Buy Industrial AI Firm Cognite for $3.1 Billion

  • Funding & M&A
  • AI Agents
  • Sales & Business

Schneider Electric SE agreed on June 30, 2026 to acquire Cognite, a Norway-based industrial data and AI software company, in an all-cash transaction valued at $3.1 billion. The deal aims to expand Schneider's industrial data and AI software business, with completion expected within the next few quarters.

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