Wilson Sonsini Advises Cognite, Major Shareholders on $3.1 Billion Sale to Schneider Electric

Client Highlights

June 30, 2026

On June 30, 2026, Aker ASA (Aker) and the other shareholders of Cognite announced that they have entered into an agreement to sell 100 percent of the shares in Cognite Holding B.V. (Cognite) to Schneider Electric based on an enterprise value of US$3.1 billion. Wilson Sonsini Goodrich & Rosati’s cross-border tech M&A team advised Cognite and its major shareholders, including Aker, TCV, and Accel, on the transaction.

The transaction will be the largest Norwegian software and AI exit to date and ranks among the largest industrial software transactions in Europe. It reflects the increasing industrial relevance of AI and data-driven solutions across capital-intensive sectors.

Established in 2017, Cognite has developed into a leading global provider of industrial data and AI platform technology. Through active ownership, industrial expertise, strategic partnerships, and capital commitments, Aker, together with Aramco, Accel, and TCV, have contributed to scale Cognite from an early-stage company into a global technology company with customers across sectors including energy, manufacturing, pharmaceuticals, and infrastructure. The combination of Cognite’s industrial data platform with Schneider Electric’s global software footprint and industrial customer base is expected to provide an enhanced foundation for accelerating the development and deployment of AI-based solutions across industrial applications.

The Wilson Sonsini team that advised Cognite and its major shareholders on the transaction included:

Corporate/Mergers & Acquisitions
Mark Holloway
Ross Davies
Sarahanne Jackson
Michael Labriola
Marty Korman
Daniel Cornell
Olivia Doyhambehere
Charlotte Eynon
Aaron Gordon
Max Johnson
Hallee Moore
Nikisha Sisodiya
Katherine Fuller
Barbara Mery
Nathaniel Siegel
Bradley Whitworth