Schneider Electric announced that it has entered into a definitive agreement to acquire 100% of Cognite Holding in an all-cash transaction valued at $3.1 billion. Cognite is a provider of industrial data and AI software.
The transaction is expected to strengthen Schneider Electric’s position in industrial AI and expand the capabilities of AVEVA, Schneider Electric’s wholly owned industrial software company.
The deal is expected to close in the coming quarters, subject to customary closing conditions, including required regulatory approvals.
Upon completion, Cognite will be integrated with AVEVA and fully consolidated and financially reported within Schneider Electric’s Industrial Automation business.
Cognite was founded in 2017 and has more than 800 employees across the Americas, Europe, the Middle East, and Asia-Pacific.
The company specializes in cloud-native data and AI platforms for industrial customers.
Cognite’s platform combines a unified industrial data model with agentic AI capabilities, enabling customers to operationalize AI across plant operations, asset management, and engineering workflows.
Its technology supports the integration and contextualization of complex industrial data through a unified data model and knowledge graph.
In 2025, Cognite exceeded $170 million in annual revenue, with 36% growth in ARR bookings and rapid adoption of its Atlas AI platform.
Schneider Electric said the acquisition complements AVEVA’s CONNECT industrial intelligence platform.
The combination is expected to reinforce CONNECT as a comprehensive industrial intelligence platform spanning design, build, operation, and optimization.
Cognite’s scalable open architecture and AVEVA CONNECT are expected to enable analytics and industrial AI to ingest industrial data across the asset lifecycle and throughout customers’ existing data ecosystems.
Cognite’s core technologies will serve as a data and AI enabler within CONNECT.
Cognite Data Fusion and the company’s knowledge graph will help integrate, model, and contextualize engineering, operational, and enterprise data at scale.
Cognite’s Atlas AI platform adds advanced modeling, generative AI, and agentic AI capabilities designed to automate industrial workflows and improve decision-making.
Schneider Electric said the combined Cognite and AVEVA platform will be built for the next phase of industrial AI and strategic intelligence.
Schneider Electric is a global energy technology company focused on electrification, automation, and digitization across industries, businesses, and homes.
AVEVA is a global industrial software company whose CONNECT platform helps industrial enterprises collaborate, operate, and optimize assets through trusted information and AI-enriched insights.
KEY QUOTES:
“Cognite has built something rare, a truly industrial grade AI platform that turns the complexity of operational data into a competitive advantage. This acquisition strengthens AVEVA, Schneider Electric’s wholly owned industrial software company, in the highest-growth segments of the market and positions Schneider Electric at the centre of the next phase of industrial intelligence.”
“I have been extremely impressed by the world-class technology team and am convinced their unique AI expertise will be a catalyst in advancing intelligence across Schneider Electric’s portfolio.”
“At Schneider Electric, we have always believed the energy transition demands intelligence, intelligence demands data, and unlocking its full value requires AI.”
“By bringing Cognite into Schneider Electric and AVEVA, we unite the world’s most comprehensive energy management and automation infrastructure with the software and AI capabilities to make it natively intelligent. Together, we go beyond connecting systems. We give them the ability to think, adapt, and act. This is what industrial intelligence looks like at scale.”
Olivier Blum, CEO of Schneider Electric
