Morningstar

Schneider Electric to Buy Cognite For $3.1 Billion

Provided by Dow Jones Jun 30, 2026, 4:29:00 PM

By Nina Kienle

Schneider Electric said it entered into a definitive agreement to acquire Cognite Holding in an all-cash transaction valued at $3.1 billion.

The French group on Tuesday said it intends to integrate the industrial artificial intelligence software company's data foundation into its own industrial software company, AVEVA.

"[The deal] positions Schneider Electric at the centre of the next phase of industrial intelligence," Chief Executive Olivier Blum said.

The transaction is anticipated to close in the coming quarters, after which Cognite will report within Schneider Electric's industrial automation division, it said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

June 30, 2026 12:29 ET (16:29 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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