Deal Overview
Schneider Electric (EPA:SCHN), the French industrial‑technology group, is reported to be nearing a definitive agreement to acquire Shelly Group (BB:SLYG), a Bulgaria‑based manufacturer of smart‑home devices.
Valuation and Terms
The proposed transaction is based on an offer of approximately €70 per share, which would value Shelly at roughly €1.27 billion (about $1.45 billion) on a debt‑free basis. The offer is expected to be communicated as early as this week, according to Bloomberg sources familiar with the matter.
Strategic Fit
Shelly’s product portfolio includes smart sensors, lighting solutions and intelligent wall plugs for the Internet of Things (IoT) market. The acquisition is intended to bolster Schneider’s smart‑home business and complement its EcoStruxure IoT platform, which is currently deployed at about 480,000 sites globally.
Background
Bloomberg had first reported in July that Schneider was in talks with Shelly, and the present report confirms that the discussions have progressed to the final stages.
No other details such as financing, regulatory approvals, or closing timeline are disclosed.