French energy management leader Schneider Electric has announced its intent to acquire the industrial AI specialist Cognite in an all-cash deal valued at $3.1 billion. This strategic move aims to integrate Cognite’s advanced cloud-native data platforms into Aveva, Schneider Electric’s industrial software subsidiary, significantly bolstering its capacity to support the digital energy transition.### Key takeaways
- Acquisition price: $3.1 billion in an all-cash transaction.
- Parent company: Schneider Electric will merge Cognite into its subsidiary, Aveva.
- Strategic goal: Accelerate industrial intelligence and global energy transition efforts.
- Cognite performance: Exceeded $170 million in annual revenue in 2025 with 36 per cent ARR growth.### Strategic integration into Aveva
Schneider Electric plans to purchase 100 per cent of Cognite, a privately held firm founded in 2017. The transition will see Cognite merged into Aveva, the industrial software giant that Schneider Electric successfully brought under its full control in 2022. This integration is designed to capitalise on the high-growth industrial AI sector, combining Aveva’s existing software prowess—including assets from its previous $5 billion acquisition of OSIsoft—with Cognite’s data-handling expertise.### The role of industrial intelligence
CEO of Schneider Electric, Olivier Blum, emphasised that the acquisition is central to the company’s vision for the future of energy. Blum noted that the energy transition requires deep intelligence, which in turn relies on robust data processing. By leveraging Cognite’s industrial-grade AI platform, Schneider Electric aims to transform complex operational data into a genuine competitive advantage for its customers, positioning itself at the forefront of the next phase of industrial efficiency.### A look at Cognite’s footprint
Cognite currently employs more than 800 professionals globally and specialises in cloud-native data and AI platforms tailored for industrial settings. The company has gained industry traction for its ability to deploy agentic AI systems, a technology shift that offers more autonomous and decision-driven capabilities for industrial operations. With its significant revenue growth over the past year, Cognite provides a strong foundation for scaling AI-driven solutions across Schneider Electric’s global customer base.
Sources
- Schneider Electric to acquire industrial AI business Cognite for $3.1bn, Data Center Dynamics.
