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IThome · Archived at 2026-07-01 19:03

Schneider Electric acquires industrial AI company Cognite for 3.1 billion US dollars

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Schneider Electric announced an all-cash acquisition of artificial intelligence and industrial data services company Cognite for a transaction value of $3.1 billion. Cognite will be merged into its industrial software business AVEVA to enhance competitiveness in the AI and industrial data fields.

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