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Schneider Electric to acquire AI firm Cognite for $3.1 billion

This article was originally posted on Chemical Engineering Online.
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Summary
Schneider Electric has reached a definitive agreement to acquire 100% of Cognite, a Tempe, Arizona–based provider of industrial data and AI software, in an all-cash deal valued at $3.1 billion. The move underscores a broader shift in industrial AI from supporting analytics to directly executing operational tasks.

How do you expect Schneider to integrate Cognite’s AI into its industrial automation portfolio, and what near-term benefits or challenges do you foresee for plant operators?

Schneider Electric SE (Paris) announced that it has entered into a definitive agreement to acquire 100% of Cognite Holding (Tempe, Ariz.), a leading provider of industrial data and AI software, in an all cash transaction valued at $3.1 billion. Industrial AI is shifting from supporting analytics to executing operations, from describing what is happening in […]

The post Schneider Electric to acquire AI firm Cognite for $3.1 billion appeared first on Chemical Engineering.

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