TechnologySchneider Electric agrees to buy smart-home device maker Shelly
Bloomberg reports the deal values the Bulgarian company at around €1.2 billion ($1.4 billion), excluding debt. Schneider plans a €70-per-share tender offer.
TLDR
Bloomberg reports, citing Schneider Electric’s September 24, 2026, statement, that the company agreed to acquire Shelly Group and will begin a €70-per-share tender offer. The deal values Shelly at around €1.2 billion ($1.4 billion), excluding debt. Bloomberg says the offer price is 8.7% above Shelly’s September 22 close in Frankfurt and 20% above its price in late July, just before the outlet reported the acquisition talks.
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Schneider Electric agrees to buy smart-home device maker Shelly
Bloomberg reports the deal values the Bulgarian company at around €1.2 billion ($1.4 billion), excluding debt. Schneider plans a €70-per-share tender offer.
TLDR
Bloomberg reports, citing Schneider Electric’s September 24, 2026, statement, that the company agreed to acquire Shelly Group and will begin a €70-per-share tender offer. The deal values Shelly at around €1.2 billion ($1.4 billion), excluding debt. Bloomberg says the offer price is 8.7% above Shelly’s September 22 close in Frankfurt and 20% above its price in late July, just before the outlet reported the acquisition talks.
