BREAKING
Schneider to Buy Cognite for $3.1B
0
B
Deal value
0
%
Shares acquired
0
Cognite founded
Inside Cognite's AI Platform
1
Data Fusion
↓
2
Atlas AI
↓
3
Flows action layer
0
%
Customer ROI
0
%
Less manual testing
0
%
Less maintenance time
Why Schneider Wants Cognite
Schneider
Acquirer
●
France-based automation group
●
Prior deals: Telvent, EV Connect
Cognite
Target
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Norway-based, unicorn since 2021
●
Backers: Aker, Accel, TCV, Aramco
Completion Expected in Quarters
AI NEWS BLITZ
Schneider Electric has agreed to acquire industrial AI firm Cognite in an all-cash deal.