Schneider Electric (SU) investor relations material

Deal rationale and strategic fit

• Acquisition aims to advance energy tech and unlock advanced industrial AI by integrating Cognite’s platform with AVEVA and Schneider Electric, driving efficiency and sustainability across industries, businesses, and homes.

• Cognite's technology stack, including its knowledge graph and agentic AI workbench, is seen as unique and essential for industrial AI, enabling actionable intelligence at scale and operational AI within plant operations.

• The deal accelerates the strategy to become a global leader in industrial AI, leveraging AVEVA and OSIsoft integrations and expanding reach through AVEVA’s global installed base.

• Cognite’s strong cultural and technological fit, with founders and key talent committed to stay, supports integration and future growth.

• The combination with AVEVA’s CONNECT platform extends enterprise-wide data contextualization and agentic AI capabilities.

Financial terms and conditions

• The enterprise value of the deal is $3.1 billion, fully funded in cash, with Schneider Electric acquiring 100% of Cognite.

• Cognite reported over $170 million in revenue in 2025, with 36% growth in ARR bookings.

• Cognite will be integrated with AVEVA and consolidated within Schneider Electric’s Industrial Automation business.

• Transaction completion is subject to customary closing conditions and regulatory approvals, expected in the coming quarters.

Synergies and expected cost savings

• The combination creates a unified platform for industrial AI, leveraging AVEVA’s customer base and Cognite’s cloud-native SaaS architecture.

• Cognite’s library of industrial extractors will complement AVEVA’s connectors, enhancing data extraction capabilities.

• Integration of Cognite's AI and data foundation with AVEVA's software enhances industrial workflow automation and business impact.

• Open, cloud-agnostic approach preserves and extends partner ecosystems, supporting scalable solutions.

• The deal is expected to accelerate adoption and innovation, expanding reach across 23,000+ customers and multiple sectors.