Schneider Electric to Acquire AutoGrid

Schneider Electric to Acquire Cognite for $3.1 Billion

June 30, 2026

AI & Machine Learning

Schneider Electric entered into a definitive agreement to acquire 100% of Cognite Holding B.V. in an all-cash transaction valued at $3.1 billion. The deal is expected to strengthen Schneider Electric’s position in industrial AI and expand the capabilities of AVEVA’s CONNECT industrial intelligence platform.

Schneider Electric Acquires WattBuy to Accelerate Residential Electrification

August 21, 2025

Energy

Schneider Electric has acquired WattBuy, a U.S.-based software platform that provides personalized energy insights and electrification solutions for homeowners. The deal brings WattBuy's API-first intelligence engine into Schneider's prosumer portfolio—alongside EnergySage and Qmerit—to deliver an integrated end-to-end residential electrification experience.

Aspen Technology Acquires Open Grid Systems

November 4, 2024

Software

Aspen Technology entered into a definitive agreement to acquire Open Grid Systems Limited, a provider of network model management technology for utilities. The integration is intended to expand AspenTech’s Digital Grid Management suite with model-driven capabilities to help utilities better manage and scale grid model data for transmission and distribution operations and resiliency, subject to regulatory approvals and expected to close before the end of 2024.

EIS Acquires Power Grid Supply

November 2, 2023

Industrial Services

EIS, a North American specialty distributor of electrical process materials, has acquired Power Grid Supply, a supplier of transformer parts and components. The acquisition expands EIS's product portfolio and aftermarket capabilities for transformer OEMs, remanufacturers, field service contractors, and utilities, and will support geographic expansion across North America.

ECI Software Solutions Acquires ThermoGRID

September 1, 2023

Cloud & SaaS

ECI Software Solutions has acquired ThermoGRID, a SaaS field-service management solution for residential service contractors developed by Adam Cory. The acquisition, which closed on September 1, 2020, brings ThermoGRID into ECI's Field Service division to expand ECI's capabilities and reach into residential HVAC, electrical, plumbing and other contractor markets; terms were not disclosed.

Schneider Electric Acquires EV Connect

June 21, 2022

Energy

Schneider Electric has acquired EV Connect, an El Segundo, California-based provider of an open EV charging platform, to accelerate its eMobility strategy and expand its digital energy offerings. EV Connect will operate as a distinct subsidiary led by CEO and founder Jordan Ramer, while Schneider aims to strengthen its presence in EV charging infrastructure and services.