Schneider Electric, a global leader in energy management and automation, announced that it has entered into a definitive agreement to acquire 100% of Cognite Holding B.V., a leading provider of industrial data and AI software, in an all cash transaction valued at $3.1 billion.

Strengthening Schneider Electric’s leadership in industrial AI

Industrial AI is shifting from supporting analytics to executing operations, from describing what is happening in industrial infrastructure to deciding and acting on it. Capturing this shift requires more than models: it requires a unified, contextualized foundation of industrial data on which AI can be trusted to operate at scale.

Cognite brings that foundation. Its cloud native platform combines a unified industrial data model with agentic AI capabilities, enabling customers to operationalize AI directly within plant operations, asset management and engineering workflows.

Olivier Blum, Schneider Electric CEO, commented: “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.”

A leading industrial AI platform with strong growth momentum

Cognite was founded in 2017 and today employs more than 800 people in the Americas, Europe, Middle East and Asia-Pacific, specializing in cloud‑native data and AI platforms. Its technology enables the integration and contextualization of complex industrial data through a unified data model and knowledge graph, supporting advanced analytics and AI‑driven applications for asset‑intensive industries.

In 2025, the annual revenue exceeded $170 million, marked by 36% growth in ARR bookings and a rapid adoption of the Atlas AI platform. (Cognite’s Moonshot and AI Drive Record-Breaking Year)

The transaction complements the capabilities of AVEVA’s CONNECT industrial intelligence platform, reinforcing it as a leader for comprehensive industrial intelligence solutions spanning design, build, operation and optimization.

Compelling strategic fit with AVEVA

Cognite’s scalable, open architecture combined with the capabilities of CONNECT means that analytics and industrial AI can ingest industrial data across the asset lifecycle and throughout customers’ existing data ecosystems and investments. The combination extends CONNECT with enterprise-wide data contextualization capabilities and leading-edge agentic AI.

Cognite’s core technologies will act as a powerful data and AI enabler within CONNECT:

Industrial Data Foundation: Cognite’s Data Fusion and knowledge graph enable the integration, modelling and contextualization of engineering, operational and enterprise data at scale.
AI Platform: Atlas AI introduces advanced modelling capabilities, generative and agentic AI, enabling automation of industrial workflows combined with accelerated and improved decision‑making.

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