Schneider to Buy Industrial AI Firm Cognite for $3.1 Billion
Schneider Electric is expanding its industrial AI capabilities with a $3.1 billion acquisition of Cognite.
📍 Where it landed
Schneider Electric acquired the industrial AI software firm Cognite in a $3.1 billion deal. Aker sold the company as part of this transaction.
Epilogue added 22d ago, after coverage quieted.
The reporting (10)
- Schneider Electric acquires Cognite in $3.1 billion deal qz.com · 27d ago
- Aker To Sell Cognite To Schneider Electric TradingView · 28d ago
- Schneider Electric Buys Cognite in $3.1 Billion AI Software Deal Yahoo Finance · 28d ago
- Schneider Electric to buy AI software firm Cognite for $3.1 billion Reuters · 28d ago
- Schneider Electric to buy AI software firm Cognite for $3.1 billi Global Banking & Finance Review · 28d ago
- Schneider Electric Agrees to Buy Industrial AI Firm Cognite for $3.1 billion The Information · 28d ago
- Schneider Electric to acquire Cognite for $3.1 billion Investing.com · 28d ago
- Aker ASA TradingView · 28d ago
- Schneider Electric to buy Cognite for $3.1B Axios · 28d ago
- Schneider to Buy Industrial AI Firm Cognite for $3.1 Billion Bloomberg.com · 28d ago
The story so far
Schneider Electric has agreed to acquire Cognite, a firm specializing in industrial AI, for $3.1 billion. Coverage from Bloomberg, Axios, The Information, and Investing.com emphasizes the specific purchase price and the nature of Cognite's business.
TradingView also noted the involvement of Aker ASA in relation to the news. Future developments depend on the finalization of the acquisition agreement between Schneider Electric and Cognite.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 28d ago.
The obvious questions
How much is Schneider Electric paying for Cognite?
The acquisition price is $3.1 billion.
What does Cognite do?
Cognite is described as an industrial AI firm.
Which outlets reported the deal?
The deal was reported by Bloomberg, Axios, The Information, Investing.com, and TradingView.
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