Schneider Electric agreed on 30 June to acquire Cognite, the Oslo-founded industrial data and AI platform, from Aker ASA and its co-investors at an enterprise value of $3.1bn in cash.
Why Schneider Electric SE is buying Cognite Holding B.V.
Schneider chief executive Olivier Blum said the deal strengthens AVEVA, its wholly owned industrial software company, in high-growth segments. Cognite's platforms help energy, manufacturing, pharmaceutical and infrastructure companies use real-time operational data to raise efficiency and cut costs.
“This transaction clearly demonstrates the value created in Cognite”
Deal terms and financing
Schneider is buying 100% of Cognite Holding B.V. for cash. Aker, which founded Cognite in 2017 with John Markus Lervik, Geir Engdahl and Stein Danielsen, expects about $1.48bn including the settlement of a NOK0.62bn convertible loan, an uplift of about NOK7.4bn to its first-quarter net asset value.
Regulatory approvals and timing
Completion is subject to customary regulatory approvals and was expected in the coming quarters.
Market context
Cognite was valued at $1.6bn in 2021. Schneider materials put its 2025 revenue above $170m with ARR bookings up 36%. Aker said AI remains a priority through its Nscale and Aize holdings.
