Debevoise & Plimpton LLP is advising Schneider Electric, a global leader in energy management and automation, in its definitive agreement to acquire 100% of Cognite AS (“Cognite”), a leading provider of industrial data and AI software, in an all-cash transaction valued at approximately $3.1 billion.

The completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals.

For full details, see the official release here.

The Debevoise team advising Schneider Electric was led by partners Dominic Blaxill and Spencer Gilbert, and included counsel Stanislav Shishkin, and associates Yiran Ji, Joseph Millard and Aleksei Shapovalov. Tax advice was provided by counsel Samuel Krawiecz, and associates Nicole Bieber and Anna Chirniciuc. Antitrust and competition advice was provided by partners Ted Hassi and Timothy McIver, counsel Anne-Mette Heemosth, and associates Aakanksha Jadhav and Lillian Lara. Intellectual property advice was provided by associates Katelyn Bryant, Kate O'Neill, Natalie Mauch and Siena Stanislaus. Employment advice was provided by partner Simone Hicks, associates Rebeka Danielle Cohan and Samuel Siegel, and law clerk Jessica Siegel. Data Strategy and security advice was provided by partner Robert Maddox and associate Michiko Wongso.