Schneider Electric SE, a French multinational industrial software and automation company, has agreed to acquire Cognite, an industrial artificial intelligence software firm, in a transaction valued at $3.1 billion. The acquisition is intended to strengthen Schneider Electric’s capabilities in industrial data management and AI-powered software solutions.
Saint-Gobain CEO Benoit Bazin warned Bloomberg Television that labor shortages are constraining data center expansion in North America and that Europe will likely face similar challenges. Saint-Gobain manufactures glass products and construction materials used in data center infrastructure.
Sanofi and Everpure discuss the application of AI and improved data management in pharmaceutical drug development
Traders and investors are focusing on French automotive parts manufacturer Valeo SE as their latest artificial intelligence-related investment play, viewing the struggling company as a potential beneficiary of AI trends in the automotive sector.
French Parliament adopted legislation to reduce EDF’s control over the hydropower market. The reform aims to resolve tensions with EU regulators and enable significant investment in new power generation capacity across France.
France’s DGSI intelligence agency is replacing US-based Palantir Technologies’ data tools with a French alternative from Chapsvision as part of broader European efforts to reduce dependence on US technology firms.
The French bank Rothschild has acquired the family office division of Hamburg-based private bank Marcard, Stein & Co from M.M. Warburg & Co. This acquisition marks Rothschild’s first acquisition of a German banking license. Approximately 80 employees will transfer to the new owner.
Article speculates on IPO candidates for a historic year of public offerings, highlighting Bending Spoons (Italy), KNDS (Franco-German defense), Belron, and Zepto (India) as companies in contention for listing, with Anthropic and OpenAI well-positioned following SpaceX’s market activity
French AI startup Mistral AI is in discussions to raise €3 billion ($3.5 billion) at a valuation of approximately €20 billion, as it seeks funding to compete in the capital-intensive AI market against US and Chinese competitors.
Klima, an Alantra-backed investment manager, is led by Lucille Bonnet and Bastien Gambini with a team of 10 professionals based across Madrid, Paris, Bonn, and London. The firm manages a 210 million euro fund focused on energy transition investments and is preparing to launch a second fund.