Jul, 2026 : Schneider Acquires Cognite In $3.1B Industrial AI Deal




📅 - Schneider Electric has agreed to buy industrial data software company Cognite for $3.1 billion in cash, a deal that would fold one of the more closely watched industrial AI platforms into AVEVA and deepen Schneider's reach into plant operations, asset management and engineering systems as manufacturers reassess where automation software can actually make money at scale.

The transaction is not just another software tuck-in for an electrical equipment giant with ambitions above the factory floor. It is a statement about where the next industrial software margin may sit: not in dashboards, not in generic copilots, and not in yet another layer of cloud reporting, but in the unglamorous work [...][... Check source for end of article ...]
Tags: AI

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