Schneider Electric to Launch Bid for Shelly Group in $1.4 Billion Deal
Shelly Group confirmed it is in takeover talks with French technology firm Schneider Electric. The deal, valued at 1.2 billion euros, involves a tender offer of 70 euros per share. Schneider Electric is seeking approval from Bulgaria's Commission for Protection of Competition to gain sole control of the IoT manufacturer. The acquisition aims to expand Schneider Electric's footprint in the internet of things and smart-device sectors. The Shelly board has already approved the tender offer, though the final transaction depends on regulatory clearance.
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- ✓ The Shelly board approved a tender offer of 70 euros per share.
- ✓ Schneider Electric applied for approval from Bulgaria's Commission for Protection of Competition to acquire sole control of Shelly Group.
- ✓ The deal is valued at 1.2 billion euros.
What changed
Shelly Group officially confirmed the takeover discussions following an agency report.
Live updates
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Shelly Group Confirms Acquisition Talks With Schneider Electric
Shelly Group confirmed it is in takeover talks with French technology firm Schneider Electric. The deal, valued at 1.2 billion euros, involves a tender offer of 70 euros per share. Schneider Electric is seeking approval from Bulgaria's Commission for Protection of Competition to gain sole control of the IoT manufacturer. The acquisition aims to expand Schneider Electric's footprint in the internet of things and smart-device sectors. The Shelly board has already approved the tender offer, though the final transaction depends on regulatory clearance.
Why it matters
Schneider Electric specializes in energy management and is targeting the smart-device market. Shelly Group provides IoT hardware and software. This acquisition would consolidate Schneider's position in the European automation market.
What is confirmed
- The Shelly board approved a tender offer of 70 euros per share.
- Schneider Electric applied for approval from Bulgaria's Commission for Protection of Competition to acquire sole control of Shelly Group.
- The deal is valued at 1.2 billion euros.
What to watch next
- Decision from the Commission for Protection of Competition regarding regulatory clearance
- Official announcement of the finalized purchase agreement
confidence 90%Sources used for this update (3)
- www.marketbeat.com — SBGSY News Today | Why did Schneider Electric stock go up ...
- www.distillintelligence.com — Latest Schneider Electric (Schneider) News | Distill
- www.finanznachrichten.de — Shelly bestätigt Übernahmegespräche seitens Schneider Electric
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Schneider Electric Seeks Regulatory Approval for Shelly Group Acquisition
Schneider Electric has applied for approval from Bulgaria's anti-trust authority to acquire sole control of IoT manufacturer Shelly Group. The deal is valued at 1.2 billion euros, with a tender offer of 70 euros per share already approved by the Shelly board. The French energy management firm intends to use the acquisition to grow its presence in the smart-device and internet of things markets. While the board supports the move, the transaction remains subject to regulatory clearance from the Commission for Protection of Competition.
Why it matters
Shelly Group is a Bulgarian pioneer in smart-home technology. This acquisition would integrate specialized IoT hardware into Schneider Electric's broader automation portfolio. The move follows a trend of industrial energy giants absorbing niche smart-home providers.
What is confirmed
- Schneider Electric has sought approval from Bulgaria's anti-trust authority to acquire sole control of Shelly Group.
- The acquisition is valued at 1.2 billion euros.
- The tender offer proposes 70 euros per share.
- The Shelly Group board of directors approved the tender offer.
What to watch next
- Decision from the Bulgarian Commission for Protection of Competition
- Official confirmation of final closing date
- Updates on subscription fees and app interfaces for existing users
confidence 90%Sources used for this update (6)
- seenews.com — Schneider Electric seeks regulatory nod to acquire Bulgaria's ...
- www.techbook-magazine.com — Schneider Electric Plans Acquisition of Shelly
- stockanalysis.com — Schneider Electric S.E. (SWX:SU) Stock Price & Overview
- www.finanznachrichten.de — Schneider Electric will bulgarische Shelly Group übernehmen
- www.economic.bg — Сделката за 1.2 млрд. евро между Schneider Electric и Shelly ...
- www.se.com — Newsroom - Schneider Electric
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Schneider Electric Pursues Shelly Group in 1.2 Billion Euro Acquisition
Schneider Electric plans to acquire smart-home provider Shelly Group in a transaction valued at approximately 1.2 billion euros or 1.37 billion dollars. The tender offer proposes 70 euros per share and has received approval from Shelly's board of directors. While the strategic intent centers on expanding Schneider Electric's footprint in the smart-device and internet of things market, the planned buyout leaves numerous questions unaddressed for current users regarding apps, device interfaces, and potential subscription fees. Investors are not required to take immediate action as the acquisition process moves forward.
Why it matters
The corporate transaction merges major infrastructure and energy management operations with an established internet of things and smart-building system provider. Shelly Group separately reported its preliminary consolidated revenue for the first nine months of 2026 in early October. Users and market watchers are monitoring the integration to see how hardware support and software ecosystems will evolve under new ownership.
What is confirmed
- Schneider Electric is pursuing the acquisition of Shelly Group for approximately 1.2 billion euros.
- The tender offer price is set at 70 euros per share and holds the approval of Shelly's board of directors.
- Shelly Group published preliminary consolidated revenue data for the first nine months of 2026 on October 8, 2026.
Still unconfirmed
- The acquisition creates uncertainty for users regarding future app functionality, device interfaces, and potential subscription fees.
- Investors do not need to take action yet because the takeover remains open.
What to watch next
- Finalization of the tender offer and formal shareholder acceptance levels.
- Official company statements regarding the future status of Shelly apps, interfaces, and subscription models.
confidence 90%Sources used for this update (5)
- www.marketscreener.com — Shelly Group SE: Official Announcements - Stock Market News
- www.computerbild.de — Schneider Electric schluckt Shelly – was bedeutet das für ...
- www.bild.de — Schneider kauft Shelly: Was passiert jetzt mit App und ...
- www.marketscreener.com — Shelly Group Reports Preliminary Consolidated Revenue for the ...
- ms-aktuell.de — Shelly: 70 Euro je Aktie, doch die Übernahme ist offen
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Schneider Electric to Acquire Shelly Group for $1.4 Billion
Schneider Electric's tender offer of 70 euros per share for Shelly Group has been approved by Shelly's board of directors. The deal, valued at approximately 1.2 billion euros or 1.37 billion dollars, aims to expand Schneider Electric's presence in the smart-device market using Shelly's IoT and smart-building systems.
Why it matters
The acquisition will enhance Schneider Electric's position in the smart-device market. Shelly Group is a Bulgarian IoT products maker. The deal was registered on September 28, 2026, by SE 2026 A SAS, a Schneider Electric subsidiary.
What is confirmed
- Shelly Group's board of directors has approved the terms of the planned takeover by SE 2026 A SAS, a wholly-owned subsidiary of Schneider Electric.
- The voluntary public tender offer by SE 2026 A SAS for Shelly Group is 70 euros per share.
- The deal is valued at approximately 1.2 billion euros or 1.37 billion dollars.
What to watch next
- Schneider Electric's acquisition of Shelly Group is completed
- SE 2026 A SAS takes control of Shelly Group
- regulatory approval of the acquisition
confidence 100%Sources used for this update (4)
- seenews.com — Bulgaria's Shelly's board approves Schneider Electric ...
- squawknews.com — Shelly Group SE board backs Schneider Electric's… - SquawkNews
- www.eqs-news.com — Shelly Group SE: Board of Directors with positive opinion on ...
- markets.ft.com — EQS-News: Shelly Group Board of Directors considers EUR 70.00 ...
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Schneider Electric to Acquire Shelly Group in $1.4 Billion Deal
Schneider Electric's voluntary public tender offer of 70 euros per share for Shelly Group has been supported by Shelly's board of directors. The deal, valued at approximately 1.2 billion euros or 1.37 billion dollars, aims to expand Schneider Electric's presence in the smart-device market using Shelly's IoT and smart-building systems. SE 2026 A SAS, a Schneider Electric subsidiary, registered the tender offer on September 28, 2026.
Why it matters
This acquisition is Schneider Electric's strategic move to strengthen its position in the smart-device market. Shelly Group, a Bulgarian-based provider of IoT and smart-building solutions, has received a 70-euro-per-share offer from Schneider Electric. The deal is significant for both companies, with Schneider Electric looking to enhance its offerings and Shelly Group seeking to leverage Schneider's resources.
What is confirmed
- Shelly Group board of directors supports Schneider Electric's voluntary public tender offer.
- Schneider Electric offers 70 euros per Shelly share in a 1.2 billion euro deal.
- SE 2026 A SAS, a Schneider Electric subsidiary, registered the tender offer on September 28, 2026.
What to watch next
- Completion of the tender offer
- Regulatory approvals
- Shareholder response to the offer
confidence 100%Sources used for this update (4)
- finance.yahoo.com — Shelly Group board backs Schneider Electric takeover offer
- www.ad-hoc-news.de — Schneider Electric agrees Shelly bid. Schneider Electric ...
- www.marketscreener.com — Shelly Group Board of Directors considers EUR 70.00 offer ...
- ca.marketscreener.com — Shelly Group SE: Board of Directors with positive opinion on ...
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Schneider Electric Registers Tender Offer to Acquire Shelly Group for 1.2 Billion Euros
Schneider Electric is acquiring Sofia-based Shelly Group through a voluntary public tender offer valued at approximately 1.2 billion euros, or 1.37 billion dollars. The offer of 70 euros per share received preliminary backing from the Shelly board and support from founders Dimitar Dimitrov and Svetlin Todorov. SE 2026 A SAS, a subsidiary of Schneider Electric, officially registered the tender offer on September 28, 2026. The move aims to expand the French group's presence in the smart-device market using Shelly's IoT and smart-building systems.
Why it matters
Shelly Group operates in over 100 countries and transitioned from the Bulgarian Stock Exchange to the SDAX. The acquisition follows a period of strong growth for Schneider Electric, which saw 14 percent organic revenue growth in the first half of 2026. Legal advisors from France, Germany, China, and Bulgaria facilitated the deal.
What is confirmed
- Schneider Electric announced a voluntary public tender offer for Shelly Group on September 24, 2026.
- The deal is valued at approximately 1.2 billion euros, with an offer price of 70 euros per share.
- SE 2026 A SAS registered the voluntary public tender offer on September 28, 2026.
- Shelly Group founders Dimitar Dimitrov and Svetlin Todorov reached an agreement for the acquisition.
- The offer received preliminary backing from the Shelly Group board.
- Shelly Group provides IoT and smart-building solutions and sells devices in more than 100 countries.
Still unconfirmed
- Open APIs for Shelly relays may be at risk following the acquisition by the industrial giant.
What to watch next
- Final acceptance rate of the voluntary public tender offer by Shelly Group shareholders.
- Official confirmation of the closing date for the acquisition transactions.
confidence 100%Sources used for this update (13)
- curiouscats.ai — Schneider Electric to acquire Shelly Group in $1.4 billion ...
- www.law.com — Bredin Prat, Hengeler Advise Schneider Electric on $1.4B Bid ...
- dailybidco.com — The Daily BidCo
- www.law360.com — Mergers & Acquisitions : Law360 UK : Legal News & Analysis
- ettayeb.fr — Schneider Electric rachète Shelly Group pour 1,2 milliard d ...
- www.ad-hoc-news.de — Schneider Electric stock gets higher targets after Shelly bid
- www.computerbase.de — 1,2-Mrd.-Euro-Deal: Schneider Electric greift nach Shelly ...
- ca.marketscreener.com — Shelly Group SE: SE 2026 A SAS has registered voluntary ...
- www.marketscreener.com — Wärtsilä, Schneider Electric Launch US Data Center Power Approach | MarketScreener
- www.ad-hoc-news.de — Schneider Electric plans Shelly bid as Schneider Electric ...
- amcham.bg — BOYANOV & Co. Advises on Schneider Electric’s EUR 1.2 Billion ...
- www.startinbg.com — From a Sofia Relay to the SDAX: How Shelly Became a Proposed ...
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Schneider Electric Bids $1.4B for Shelly Group
Schneider Electric plans to acquire Bulgarian internet-of-things and smart-building systems provider Shelly Group through a voluntary public takeover offer. The deal values the smart-device maker at approximately 1.2 billion euros, translating to a price of €70 per share. SE 2026 A SAS, an indirect subsidiary fully owned by the French group, signed an investment agreement with Shelly Group to facilitate the transaction. Market reports previously indicated that Schneider Electric was approaching an agreement to purchase the firm, which coincides with an increase in Shelly stock prices.
Why it matters
The transaction expands Schneider Electric deeper into the smart-home technology sector by absorbing a recognized Sofia-based device maker. Media outlets including Bloomberg and the Wall Street Journal previously tracked negotiations before the formal investment agreement materialized.
What is confirmed
- Schneider Electric will launch a tender offer to acquire Shelly Group for 1.2 billion euros.
- The voluntary public takeover offer values Shelly Group at €70 per share.
- Shelly Group is based in Sofia, Bulgaria.
- Shelly Group signed an investment agreement with SE 2026 A SAS, an indirect subsidiary of Schneider Electric.
What to watch next
- Regulatory approvals for the voluntary public takeover
- Final shareholder acceptance levels for the €70 per share tender offer
confidence 100%Sources used for this update (4)
- www.marketscreener.com — Schneider Electric to Launch Bid for Shelly Group in $1.4 Billion Deal
- www.marketscreener.com — Schneider Electric to Launch EUR1.2 Billion Takeover Offer for Shelly Group
- www.marketscreener.com — Schneider Electric to launch a takeover bid for Shelly Group
- www.nst.com.my — Schneider to launch €1.2 billion takeover bid for smart device firm Shelly
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Schneider Electric to Acquire Shelly Group in $1.4 Billion Deal
Schneider Electric is launching a $1.4 billion bid to acquire smart device firm Shelly Group. The two companies have entered into an investment agreement regarding a voluntary public takeover. This acquisition follows reports from Bloomberg and the Wall Street Journal that Schneider Electric was nearing a deal to purchase the firm. The announcement has coincided with a surge in Shelly stock prices.
Why it matters
Shelly Group specializes in smart devices. This move integrates Shelly's technology into Schneider Electric's energy management and automation portfolio.
What is confirmed
- Schneider Electric is launching a bid for Shelly Group valued at $1.4 billion.
- Shelly Group and Schneider Electric signed an investment agreement for a voluntary public takeover.
- Shelly Group is a smart device firm.
What to watch next
- Regulatory approval of the takeover
- Final terms of the public bid
- Official closing date of the acquisition
confidence 100%Sources used for this update (5)
- wsj.com — Schneider Electric to Launch Bid for Shelly Group in $1.4 Billion Deal
- Reuters — Schneider Electric nears deal for smart device firm Shelly, Bloomberg News reports
- Investing.com — Why is Shelly stock surging today?
- PropTech Connect — Shelly Group Has Entered Into an Investment Agreement With Schneider Electric on the Intended Voluntary Public Takeover
- Bloomberg.com — Schneider to Buy Smart Device Firm Shelly in $1.4 Billion Deal
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