Schneider Electric bids €70 a share to take over Shelly Group
What's the deal? Schneider ElectricDealroom has a profile for this one. Try Dealroom → plans to acquire Bulgarian smart-home firm Shelly Group through a voluntary public takeover offer at €70 per share. The bid, launched via subsidiary SE 2026 A SASDealroom has a profile for this one. Try Dealroom →, targets all outstanding shares in the SDAX-listed company. It hinges on Schneider securing at least 95% of Shelly's share capital.
What's the endgame? Shelly Group, based in Sofia, makes internet-connected devices for home and building automation. Schneider Electric, the French energy-management giant, would fold that portfolio into its own smart-building and electrification business.
Why now? The two companies signed an investment agreement on September 24, 2026, setting out the terms under which Shelly would support the offer. Shelly's board has taken the preliminary view that the bid is in the interests of shareholders, employees, and other stakeholders.
What could go wrong? No offer has yet been registered with the Bulgarian Financial Supervision Commission, which can suspend or block any bid. Completion also depends on regulatory clearances and the 95% acceptance threshold. Until then, no formal offer to buy shares is being made.
The signal: The move reflects consolidation between established energy-management players and smaller connected-device makers, as demand grows to tie home and building automation into wider electrification strategies.
Read more: finanzen.net
Image credit: Generated with Gemini
