Schneider Electric Set to Acquire Bulgarian Smart Home Firm Shelly

WHO:

Bloomberg - Schneider Electric SE is the acquiring company.

Bloomberg - Shelly Group SE is the company being acquired, known for making smart devices for the home.

WHAT:

Bloomberg - Schneider Electric is nearing a deal to acquire Shelly Group at a valuation of €1.27 billion, excluding debt.

WHERE:

Bloomberg - The acquisition involves a company based in Bulgaria.

WHEN:

Bloomberg - The deal is described as nearing completion, but no specific future date for the agreement is provided.

WHY:

Bloomberg - The acquisition is part of Schneider Electric's strategy to expand its portfolio in the smart home device market.

HOW:

Bloomberg - The deal is being negotiated according to sources familiar with the matter.

(UPDATED September 24, 2026 05:59 UTC)

Schneider Electric is close to finalizing a deal to acquire Shelly Group, a Bulgarian company known for its smart home devices, at a valuation of €1.27 billion, excluding debt. This acquisition is part of Schneider Electric's strategy to enhance its offerings in the smart home device market. Sources familiar with the negotiations indicate that the deal is nearing completion, although no specific date for the agreement has been announced.