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Schneider Electric acquires Cognite for $3.1B in industrial AI push

  • Mike Wheatley--SiliconANGLE News
  • published date: 2026-06-30 23:40:48 UTC

French multinational energy giant Schneider Electric SE said today it’s buying an industrial artificial intelligence company called Cognite Holding B.V. in a $3.1 billion all-cash deal, with an eye to strengthening its AI software and industrial data business…

French multinational energy giant Schneider Electric SE said today its buying an industrial artificial intelligence company called Cognite Holding B.V. in a $3.1 billion all-cash deal, with an eye to… [+4948 chars]