McDermott Will & Schulte, a global law firm

Paris, July 7, 2026 – McDermott Will & Schulte advised Schneider Electric, a global leader in energy management and automation, on its signing of a binding agreement to acquire 100% of Cognite, a leading provider of industrial data and AI software, in a US$3.1 billion transaction.

This strategic transaction will enhance Schneider Electric’s and its subsidiary AVEVA’s capabilities in industrial intelligence, large-scale data contextualization, and generative and agentic AI, helping accelerate the deployment of artificial intelligence at the heart of industrial operations.

The McDermott Will & Schulte team who advised Schneider Electric on the tax aspects of the transaction comprised:

• Anne-Sophie Maes, Partner in Paris,
• Timothy Shuman, Brian Moore, Partners in Washington and Andrew Granek, Partner in New-York.

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