Schneider Electric To Acquire Cognite For Its’ Cutting-Edge Technology

July 3, 2026 - 22:42

Schneider Electric has announced plans to acquire Cognite, a company known for its cutting-edge Agentic AI solutions. The deal comes at a significant valuation, reportedly 18.2 times Cognite's revenue. This high multiple reflects the rapid growth and strong market position of the Norwegian software firm.

Cognite specializes in industrial AI, helping companies in sectors like oil and gas, manufacturing, and energy manage and analyze complex data. Their technology allows for real-time decision-making and automation, which is increasingly critical for modern industrial operations. The company has seen a surge in demand for its products, driving up its revenue and making it an attractive acquisition target.

For Schneider Electric, this purchase is a strategic move to strengthen its digital offerings. The company already focuses on energy management and automation, and adding Cognite's AI capabilities will allow it to offer more advanced solutions to its customers. The acquisition is expected to help Schneider Electric compete more effectively in the growing market for industrial software and data analytics.

The deal is subject to regulatory approvals and is expected to close in the coming months. Both companies have expressed optimism about the combination, highlighting how the merger will accelerate innovation in industrial AI. This acquisition marks one of the larger tech deals in the industrial sector this year, signaling a continued push toward smarter, data-driven operations.