Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and plans to combine Cognite with its industrial software company Aveva (Frank Connelly/Bloomberg)

<a href="https://www.bloomberg.com/news/articles/2026-06-30/schneider-to-buy-industrial-ai-firm-cognite-for-3-1-billion"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260630/i23.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260630/p23#a260630p23" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Frank Connelly / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-06-30/schneider-to-buy-industrial-ai-firm-cognite-for-3-1-billion">Schneider Electric agrees to buy industrial AI company Cognite in a $3.1B all-cash deal, and plans to combine Cognite with its industrial software company Aveva</a></b></span>&nbsp; &mdash;&nbsp; Schneider Electric SE agreed to buy Cognite in a $3.1 billion transaction to expand its industrial data and AI software business.</p>