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Norway's Cognite shifts HQ to U.S., co-founder says at Davos

Related Topics: Cognite, John Markus Lervik, Davos

By Divya Chowdhury, Jesus Calero and Mateusz Rabiega

DAVOS, Switzerland (Reuters) - Norwegian industrial software firm Cognite plans to shift its headquarters to the U.S. this year to access faster-growing markets in North America, Asia, and the Middle East, its co-founder John Markus Lervik told Reuters on Tuesday.

Lervik told the Reuters Global Markets Forum that Europe's regulatory environment was hampering growth.

"We are doubling down in the U.S., and with the new president's focus on investment, we're growing extra aggressively, with over 100 open positions," he said.

Donald Trump's second presidency, marked by trade threats and sweeping executive actions, poses fresh risks for European players as tariffs and regulatory changes loom large.