European Sovereignty Monitor

Industry, investment and R&D

Canada's Cohere agrees to acquire Germany's Aleph Alpha, Schwarz invests EUR 500 million

Canada's Cohere agreed to acquire Germany's Aleph Alpha, with Germany's Schwarz Group investing EUR 500 million into Cohere's Series E; the deal needs shareholder and regulatory approval and leaves Cohere as majority owner.

Verified Cohere newsroom, 24 April 2026

What it does not test. Does not establish final ownership shares or that shareholder and antitrust approvals will be granted.

How this item counts. Towards dependence: it changes who owns. Binding 2 of 3 (agreed or funded), scale 2 of 3 (medium), Verified counts in full: weight -4 of 36 possible. own to dependence: DE's Aleph Alpha majority-acquired by Cohere (CA), pending approval. European Sovereignty Index

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