“Schneider Electric will buy industrial AI software company Cognite for $3.1 billion in cash to boost its industrial data and AI capabilities.”
Schneider Electric SE has agreed to acquire Cognite, an industrial artificial intelligence software company, for $3.1 billion in an all-cash deal. The acquisition aims to enhance Schneider Electric's portfolio in industrial data management and AI technologies.
This move strengthens Schneider's position in the industrial AI sector, expanding its offerings related to data-driven software and operational insights.
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