Inside Schneider Electric’s US$3.1bn Acquisition of Cognite

Schneider Electric operates in more than 100 countries worldwide, with a global team of 160,000 employees.

It works in energy management and automation, focusing on enabling buildings, data centres, infrastructure and grids to operate as interconnected systems.

To strengthen its operations in these sectors, Schneider Electric has entered into an agreement to acquire 100% of Cognite for US$3.1bn.

What is Cognite?

Cognite, founded in 2017, is a leading provider of industrial data and AI software.

Now, it employs more than 800 people in the Americas, Europe, the Middle East and Asia-Pacific.

It specialises in cloud-native data and AI platforms, with its technology enabling the integration and contextualisation of complex industrial data through a unified data model and knowledge graph.

In 2025, its annual revenue exceeded US$170m, with a 36% growth in ARR bookings and adoption of the Atlas AI platform.

Strengthening Schneider’s position in industrial AI

Industrial AI is shifting from supporting analytics to executing operations.

To capitalise on this, organisations need to build a foundation of industrial data on which AI can be trusted to operate.

Cognite helps build this with its cloud-native platform, which combines a unified industrial data model with agentic AI capabilities.

This enables customers to operationalise AI directly within plant operations, asset management and engineering workflows.

The acquisition allows Schneider’s AVEVA business to strengthen its industrial capabilities.

It complements AVEVA’s CONNECT industrial intelligence platform, allowing it to lead in comprehensive industrial intelligence solutions that cover design, build, operation and optimisation.

Cognite’s scalable architecture, combined with CONNECT’s capabilities, enables analytics and industrial AI to manage data across the asset lifecycle.

Cognite’s Data Fusion and knowledge graph bring integration, modelling and contextualisation of engineering, operational and enterprise data at scale.

Through the acquisition, Cognite and AVEVA will form a unified platform built for the next phase of intelligence in industrial AI.

Olivier Blum, CEO of Schneider Electric, says: “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.”

The future of the deal

Under the agreement, Schneider Electric will acquire 100% of Cognite’s share capital in an all-cash transaction.

The acquisition is expected to be finalised in 2026.

Upon completion, Cognite will be integrated with AVEVA and fully consolidated and reported within Schneider Electric’s Industrial Automation business.

“At Schneider Electric, we have always believed the energy transition demands intelligence, intelligence demands data and unlocking its full value requires AI," Olivier adds.

"And the same is required in operations across process and discrete manufacturing where data in context is leveraged by AI leading to efficiency and sustainable outcomes.

“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.”