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Schneider Electric Agrees to Buy Industrial AI Firm Cognite

Schneider Electric Agrees to Buy Industrial AI Firm Cognite for $3.1 billion

Schneider Electric, a French energy management and power equipment company, said Tuesday that it agreed to buy Cognite Holding B.V, a Norwegian startup that develops AI agents, apps and models to solve complex industrial data problems. The transaction, an all-cash deal valued at…

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