Schneider Electric announced plans to acquire Cognite Holding B.V., a provider of industrial data and AI software.
“Cognite has built something rare, a truly industrial grade AI platform that turns the complexity of operational data into a competitive advantage. This acquisition strengthens AVEVA, Schneider Electric’s wholly owned industrial software company, in the highest‑growth segments of the market and positions Schneider Electric at the center of the next phase of industrial intelligence,” says Olivier Blum, Schneider Electric CEO. “I have been extremely impressed by the world-class technology team and am convinced their unique AI expertise will be a catalyst in advancing intelligence across Schneider Electric’s portfolio. At Schneider Electric, we have always believed the energy transition demands intelligence, intelligence demands data, and unlocking its full value requires AI. By bringing Cognite into Schneider Electric and AVEVA, we unite the world's most comprehensive energy management and automation infrastructure with the software and AI capabilities to make it natively intelligent. Together, we go beyond connecting systems. We give them the ability to think, adapt, and act. This is what industrial intelligence looks like at scale.”
Key takeaways:
· Cognite’s cloud native platform combines a unified industrial data model with agentic AI capabilities, enabling customers to operationalize AI directly within plant operations, asset management and engineering workflows.
· Cognite‘s scalable, open architecture combined with the capabilities of CONNECT means that analytics and industrial AI can ingest industrial data across the asset lifecycle and throughout customers' existing data ecosystems and investments. The combination extends CONNECT with enterprise-wide data contextualization capabilities and leading-edge agentic AI.
· Upon completion, Cognite will be integrated with AVEVA, where together, will form a unified platform built for the next phase of intelligence for industrial AI.
