Schneider Electric signs deal to buy AI software player Cognite for $3.1 billion

Industry:    13 hours ago

Schneider Electric said on Tuesday it had signed ‌an ⁠agreement ⁠to acquire Cognite Holding, a provider of AI software ⁠and industrial ‌data.

The ​French ​multinational ⁠said in a ​press release it ​would pay $3.1 billion for ‌the whole of ​Cognite in ​an ⁠all cash deal.

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