This article first appeared on GuruFocus. Schneider Electric (SBGSY) has agreed to acquire Cognite in a $3.1 billion all-cash deal, expanding its position in industrial data and AI software. The ...

June 30 (Reuters) - Schneider ‌Electric (SCHN.PA), opens new tab said on Tuesday it had signed an agreement to acquire Cognite Holding, a privately held ⁠provider of AI software and industrial data.

Schneider Electric is buying Cognite, a Norwegian-founded industrial AI company, for $3.1bn in cash. The French group wants software that can make factories and power grids think for themselves.

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California-based Wilson Sonsini and Dutch firm Houthoff are also advising on Schneider Electric’s deal with Cognite, aimed at ...

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June 30 (Reuters) - Schneider Electric said on Tuesday it had signed an agreement to acquire Cognite Holding, a privately held provider of AI software and industrial data. The French multinational ...