Schneider Electric SE has agreed to purchase Cognite Holding B.V., an industrial AI company, in a $3.1 billion all-cash deal, marking a significant step to enhance its AI-driven industrial software and data offerings.
- Acquisition valued at $3.1 billion in all-cash transaction
- Cognite’s AI platform automates data management and workflows
- Deal enhances Schneider’s industrial software and AI capabilities
What happened
French energy multinational Schneider Electric announced the acquisition of Cognite Holding B.V., a Norway-founded industrial AI software provider, for $3.1 billion in cash. Cognite specializes in autonomous AI platforms that unify and contextualize industrial data from multiple facilities to enable automated decision-making and operations.
Cognite, established in 2017, has grown rapidly, generating over $170 million revenue in 2025 and employs more than 800 professionals globally. Its core offerings—Data Fusion, a data infrastructure solution, and Atlas AI, an agentic AI layer—have been adopted across power generation, oil and gas, and manufacturing industries. Schneider plans to integrate Cognite’s platform with its Aveva software unit to boost industrial automation intelligence.
Why it matters
This acquisition reflects the evolving landscape of industrial AI, moving beyond mere monitoring to autonomous AI systems capable of independently managing asset maintenance and operations based on real-time data analysis. Schneider’s move positions it to lead industrial digital transformation by combining hardware and advanced AI software capabilities.
It also aligns with broader industrial trends, especially in Europe, where industries are focused on improving efficiency, transitioning to cleaner energy sources, and reducing reliance on traditional fossil fuels. Bringing Cognite’s AI intelligence into Schneider’s portfolio supports this transition by enabling smarter, data-driven industrial infrastructure.
What to watch next
Additionally, market attention will focus on how this acquisition impacts Cognite’s current customers and accelerates adoption of industrial AI technologies across sectors like manufacturing, oil and gas, and utilities. The deal may also influence further consolidation between industrial hardware providers and AI software innovators globally.