Yes. Canada’s Cohere and Germany’s Aleph Alpha signed a definitive merger agreement on September 16, 2026, according to Reuters. The combined company will keep the Cohere name, with dual headquarters in Toronto and Berlin, and Aleph Alpha co-chief Ilhan Scheer will become Cohere’s chief operating officer.
The companies said the combination had been valued at around $20 billion when first disclosed in April, and the deal remains subject to regulatory approvals. Lidl-owner Schwarz Group is investing €500 million in the new entity and plans major compute capacity through its StackIT cloud arm.
Source: Reuters — Cohere, Aleph Alpha combine to target enterprise AI market
Related guide: Cohere Rerank 5 guide: Context Focus, pricing and API.
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