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Announced

Completed

Saudi Aramco completed the acquisition of a 7.4% stake in Cognite from Aker BP.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Single Bidder

Cross Border

Friendly

Software

industrial software

Sweden

Completed

Private

Synopsis

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Saudi Aramco, a Saudi Arabian national petroleum and natural gas company, completed the acquisition of a 7.4% stake in Cognite, a global industrial SaaS company, from Aker BP, oil exploration and development company. Financial terms were not disclosed. "To have the world’s leading energy company invest in Cognite is a strong show of faith in our trajectory, and in the value of contextualized, actionable data as the foundation to shape a more efficient, more sustainable industrial future," Dr. John Markus Lervik, Cognite CEO and Co-Founder.

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