Schneider Electric has announced the acquisition of Cognite, a leading industrial AI company based in Norway, in a $3.1 billion all-cash transaction. The French multinational aims to leverage Cognite’s advanced software to enhance the intelligence and automation capabilities of factories and power grids, pushing forward its vision for smarter industrial operations. The deal was finalized on June 30, 2026, marking a significant step in Schneider Electric’s strategy to integrate cutting-edge AI technology into its offerings.
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