Schneider buys Cognite for $3.1bn to strengthen its Aveva business
1 July 2026 
Schneider Electric is buying the industrial data and AI software supplier, Cognite for $3.1bn in cash. It says the acquisition will strengthen its position in industrial AI, adding that Cognite’s cloud-native platform, which combines a unified industrial data model with agentic AI capabilities, will allow users to “operationalise” AI in their plants, asset management and engineering workflows.
Schneider plans to integrate Cognite into its Aveva software business to complement its Connect industrial intelligence platform. Cognite will report financially to Schneider Electric’s Industrial Automation division.
“Cognite has built something rare – a truly industrial grade AI platform that turns the complexity of operational data into a competitive advantage,” says Schneider Electric CEO, Olivier Blum. “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 centre of the next phase of industrial intelligence.
“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,” he adds. “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,” Blum continues. “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.”
Cognite, founded in 2017, has its headquarters in Tempe, Arizona. In 2025, it generated revenues worth more than $170m. The business employs more than 800 people in the Americas, Europe, Middle East and Asia-Pacific, specialising in cloud‑native data and AI platforms. Its technology allows complex industrial data to be integrated and contextualised through a unified data model and knowledge graph, supporting advanced analytics and AI‑driven applications for asset‑intensive industries.
Schneider says that combining Cognite’s scalable, open architecture with Aveva’s Connect platform will allow analytics and industrial AI to ingest industrial data from across the asset lifecycle as well as customers’ existing data.
Cognite’s core technologies will act as a data and AI enabler within Connect:
- Industrial data foundation Cognite’s Data Fusion and knowledge graph enable the integration, modelling and contextualisation of engineering, operational and enterprise data at scale.
- AI platform Atlas AI introduces advanced modelling capabilities, generative and agentic AI, enabling the automation of industrial workflows, combined with accelerated and improved decision‑making.
Schneider believes that industrial AI is shifting from supporting analytics to executing operations, from describing what is happening in industrial infrastructure, to deciding and acting on it. Capturing this shift requires more than models: it requires a unified, contextualised foundation of industrial data on which AI can be trusted to operate at scale. It predicts that together, Cognite and Aveva will form a unified platform for the next phase of intelligence for industrial AI.
