Aker ASA: Cognite and Aramco sign joint venture agreement
Cognite AS (“Cognite”), a global industrial software company and majority-owned subsidiary of Aker ASA (“Aker”), today announced it has signed a joint venture (“JV”) agreement with Saudi Aramco Development Company, a subsidiary of The Saudi Arabian Oil Company, as part of the two companies’ strategic partnership on industrial digitalization and sustainability initiatives.The JV is one of the initiatives in the previously signed Memorandum of Understanding (MoU) and will establish a new company to focus on digitalization across industries in the Kingdom of Saudi Arabia and in the region.