Schneider Electric To Acquire Cognite For Its’ Cutting-Edge Technology
Schneider Electric acquires Cognite at 18.2x revenues—betting big on agentic AI for industrial ops.
Why it matters
Strategic M&A in industrial AI signals how traditional enterprise leaders are acquiring AI-native capabilities rather than building in-house. The valuation multiple reflects confidence in agentic AI as a defensible enterprise category.
The key facts
11 to knowUNVERIFIED - Article dated July 2026 (future date)
Acquisition multiple: 18.2x revenues
Target: Cognite (agentic AI solutions provider)
Acquirer: Schneider Electric (industrial/enterprise software)
Missing: Actual deal value in dollars, Cognite revenue baseline, closing timeline
UNVERIFIED
Schneider Electric acquiring Cognite
18.2x revenue multiple
Cognite described as 'Agentic AI solutions' provider
Published July 2026 (future date)
Forbes byline: stevebanker
Go to the source
Forbes Innovationforbes.com
Publisher excerpt: Schneider Electric is acquiring Cognite, a provider of Agentic AI solutions, at a hefty 18.2 revenues. Cognite is growing fast because of their advanced technology.