{"id":31589,"date":"2022-02-03T09:30:00","date_gmt":"2022-02-03T06:30:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=31589"},"modified":"2026-03-28T00:17:45","modified_gmt":"2026-03-27T21:17:45","slug":"aramco-invests-in-cognite","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/aramco-invests-in-cognite\/","title":{"rendered":"Aramco Invests in Cognite"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Saudi Aramco, Cognite\u2019s long-time digitalization partner in the Middle East, acquired a 7.4% stake in Cognite<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OSLO, Norway&#8211;(<a href=\"http:\/\/www.businesswire.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">BUSINESS WIRE<\/a>\/<a href=\"http:\/\/aetoswire.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">AETOSWire<\/a>)&#8211;\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cognite.com%2Fen%2F&amp;esheet=52572095&amp;newsitemid=20220201005921&amp;lan=en-US&amp;anchor=Cognite&amp;index=1&amp;md5=721df999b1eeaf3567cf332262c39b6b\" target=\"_blank\" rel=\"noreferrer noopener\">Cognite<\/a>, a global leader in industrial software innovation, announces today that Saudi Aramco, via its subsidiary Aramco Overseas Company B.V., has invested in Cognite by purchasing 100% of Aker BP&#8217;s shares in the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cCognite has proven that their technology delivers complex real-time insights seamlessly and is optimizing how energy is being supplied to the world,\u201d says Saudi Aramco Senior Vice-President of Technical Services, Ahmad A. Al-Sa\u2019adi. \u201cWe are impressed by the great momentum Cognite has shown since inception where it now serves some of the leading industrial companies globally.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis transaction demonstrates unprecedented confidence in Cognite and its high potential to transform industry through technology. This comes in addition to the USD 225 million raised from leading global technology investors TCV and Accel,\u201d says \u00d8yvind Eriksen, board chair of Cognite, and President and CEO of Aker ASA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cognite currently works with Saudi Aramco as a digitalization partner aiding in digitalizing and improving the efficiency of Saudi Aramco\u2019s operations through Cognite\u2019s Industrial Data Platform,\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cognite.com%2Fen%2Fproduct%2Fcognite_data_fusion_industrial_dataops_platform%3Futm_campaign%3D%257Bbrand%257D%26utm_term%3Dcognite%2520data%2520fusion%26utm_source%3Dadwords%26utm_medium%3Dppc%26utm_term%3Dcognite%2520data%2520fusion%26utm_campaign%3Dcognite_sea_b_nurture_general_brand_google_emea%26utm_source%3Dadwords%26utm_medium%3Dppc%26hsa_acc%3D9831873693%26hsa_cam%3D12172327167%26hsa_grp%3D120611920761%26hsa_ad%3D494436578571%26hsa_src%3Dg%26hsa_tgt%3Dkwd-918639803660%26hsa_kw%3Dcognite%2520data%2520fusion%26hsa_mt%3De%26hsa_net%3Dadwords%26hsa_ver%3D3%26gclid%3DCj0KCQiAzMGNBhCyARIsANpUkzOpiHAuGVSuCMlhrkUherBKbnm5p1wC4CpuPu1Su-YeFUGdYB4kc4oaAp9VEALw_wcB&amp;esheet=52572095&amp;newsitemid=20220201005921&amp;lan=en-US&amp;anchor=Cognite+Data+Fusion&amp;index=2&amp;md5=e9618af1d4c27acbd6734994116b39df\" target=\"_blank\" rel=\"noreferrer noopener\">Cognite Data Fusion<\/a>\u2122.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTo have the world\u2019s 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,\u201d says Dr. John Markus Lervik, CEO and co-founder of Cognite.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco, Cognite\u2019s long-time digitalization partner in the Middle East, acquired a 7.4% stake in Cognite OSLO, Norway&#8211;(BUSINESS WIRE\/AETOSWire)&#8211;\u00a0Cognite, a global leader in industrial software innovation, announces today that Saudi Aramco, via its subsidiary Aramco Overseas Company B.V., has invested in Cognite by purchasing 100% of Aker BP&#8217;s shares in the company. \u201cCognite has proven [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":24640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-31589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aramco invests in Cognite - Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Aramco invests in Cognite with a 7.4% stake, boosting Cognite OSLO growth. 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