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The acquisition will further strengthen AVEVA and its CONNECT industrial intelligence platform by adding Cognite’s data contextualization and AI capabilities.
Schneider Electric announced that it has entered into a definitive agreement to acquire 100 percent of Cognite Holding B.V., a provider of industrial data and AI software, in an all-cash transaction valued at $3.1 billion. The acquisition strengthens Schneider Electric’s Industrial AI strategy and strongly expands the solutions portfolio and industrial intelligence platform of AVEVA, Schneider Electric’s wholly owned industrial software company. Upon completion, Cognite will be integrated with AVEVA and financially reported within Schneider Electric’s Industrial Automation business.
The transaction is subject to customary closing conditions, including required regulatory approvals, and is expected to close in the coming quarters.
Strengthening Industrial AI Capabilities
Industrial AI is moving beyond analytics and into operational decision-making. For industrial organizations, this shift requires trusted, contextualized data that can support AI-driven workflows at scale.
Cognite’s cloud-native platform combines a unified industrial data model with AI capabilities that help customers apply AI within plant operations, asset management, and engineering workflows. Its technology supports the integration and contextualization of complex industrial data through a unified data model and knowledge graph.
The acquisition further strengthens Schneider Electric and AVEVA’s abilities to help customers use industrial data more effectively across asset-intensive operations.
Expanding AVEVA CONNECT
The transaction of Cognite strongly complements AVEVA’s CONNECT industrial intelligence platform, which supports industrial data, collaboration, and operational insight across design, build, operation, and optimization workflows.
By combining Cognite’s open architecture with AVEVA CONNECT, Schneider Electric and AVEVA aim to further extend enterprise-wide data contextualization and Industrial AI capabilities across customer data ecosystems.
Cognite’s core technologies support CONNECT in two key areas:
Industrial Data Foundation: Cognite Data Fusion and its knowledge graph support the integration, modeling, and contextualization of engineering, operational, and enterprise data at scale.
AI Platform: Cognite Atlas AI adds advanced modeling, generative AI, and agentic AI capabilities to support industrial workflow automation and decision-making.
Together, Cognite and AVEVA will form a unified platform for the next phase of Industrial AI.
Supporting Data-Driven Industrial Operations
Cognite was founded in 2017 and employs over 800 people across the Americas, Europe, the Middle East, and Asia-Pacific. The company specializes in cloud-native data and AI platforms for asset-intensive industries.
In 2025, Cognite’s annual revenue exceeded $170 million, with 36 percent growth in ARR bookings and increased adoption of its Atlas AI platform.
For Schneider Electric, the acquisition supports its broader strategy to combine energy management, automation, software, and AI capabilities. Cognite’s technology will help to make industrial systems more intelligent by better enabling them to use contextualized data for operational insight and action.
According to Craig Resnick, Vice President, ARC Advisory Group, “Schneider Electric’s planned acquisition of Cognite represents a significant step in the evolution of industrial AI from insight generation to operational execution. By combining Cognite’s industrial data contextualization and AI capabilities with AVEVA CONNECT and Schneider Electric’s broader automation and energy management portfolio, the company is positioning itself to help asset-intensive organizations turn complex operational data into trusted, scalable decision support. The strategic value of this transaction lies not only in adding AI functionality, but in strengthening the industrial data foundation needed to deploy AI across engineering, operations, maintenance, and enterprise workflows.”
Transaction Terms and Next Steps
Under the terms of the agreement, Schneider Electric will acquire 100 percent of Cognite’s share capital in an all-cash transaction valued at $3.1 billion.
The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the coming quarters.
After closing, Cognite will be integrated with AVEVA and fully consolidated within Schneider Electric’s Industrial Automation business.
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