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

    Picture of Schneider Electric SE logoSchneider Electric SE
    Tue 17:00
    Schneider Electric signs deal to buy AI software player Cognite for $3.1 billion
    June 30 (Reuters) - Schneider Electric SCHN.PA 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.  

     (Reporting by Jakob Van Calster. Editing by Mark Potter)
     ((jakob.vancalster@thomsonreuters.com))

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