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Schneider Electric in Talks to Buy Smart Device Maker Shelly

Bloomberg Technology Wednesday 29 July 2026, 08:53 UTC By Eyk Henning, Ruth David and Dinesh Nair 1 min read
Key Points

Deals Schneider Electric in Talks to Buy Smart Device Maker Shelly Schneider Electric SE is in talks to acquire Shelly Group SE, a maker of smart devices for the home, according to people familiar with the matter. The French industrial technology firm is working with advisers as it negotiates a deal at about €70 a share, including for large stakes held by founding shareholders, some of the people said. That would value the Bulgaria-based company at around €1.3 billion ($1.5 billion).

Deals Schneider Electric in Talks to Buy Smart Device Maker Shelly Schneider Electric SE is in talks to acquire Shelly Group SE, a maker of smart devices for the home, according to people familiar with the matter. The French industrial technology firm is working with advisers as it negotiates a deal at about €70 a share, including for large stakes held by founding shareholders, some of the people said. That would value the Bulgaria-based company at around €1.3 billion ($1.5 billion).
Schneider Electric (ORG) Shelly Schneider Electric SE (PERSON) Shelly Group SE (PERSON) French (ORG) Bulgaria (LOCATION)
Originally published by Bloomberg Technology Read original →

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