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)

Frank Connelly / Bloomberg:
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  —  Schneider Electric SE agreed to buy Cognite in a $3.1 billion transaction to expand its industrial data and AI software business.

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