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

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.