Schneider Electric: Scaling AI

研报英文原文证据摘录

Schneider Electric: Scaling AI

Deutsche Bank

Research

Rating Company Date

Buy Schneider Electric 1 July 2026

Company Update

Europe

France

Reuters Bloomberg Exchange Ticker Price at 30 Jun 2026 (EUR) 285.40

SCHN.PA SU FP PAR SCHN

Price Target (EUR) 300.00

Capital Goods

Electrical Equipment ADR ISIN 52-week range (EUR) 292.75210.05-

SBGSY US80687P1066

Scaling AI

Valuation & Risks

Gael de-Bray, CFA

Schneider announced the acquisition of Cognite for $3.1bn. Cognite is a leading

Research Analyst

industrial AI platform with 800 employees and revenues of $170m in 2025 (36% +33-1-4495-6562

growth in ARR bookings). Cognite provides technology that enables the integration

and contextualization of messy and fragmented industrial data and turn it into Nabil Najeeb

something that AI can actually use. The deal looks strategically compelling but will

+44-20-754-17410

raise, once again, question marks on the group’s M&A discipline as the multiple

paid (18x EV/Sales) sets a new record in the manufacturing space. John Kim

Cognite's core product, Data Fusion, builds a dynamic knowledge graph which +44-20-754-18699

maps data from different products, often found under different formats in Seetharaman Ramakrishna

manufacturing processes, and links them together to create explicit relationships. Research Associate

For example, the graph can link the data coming from the 3D model of a pump with

the live data coming from sensors and the data from a maintenance manual in a pdf

file. One possible use case is that an alert can be sent to a service technician if the Price/price relative

pump experiences temperatures that exceed the safety levels described in the 400

manual. Our understanding is that Cognite's solution is somewhat comparable to 300