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Schneider Electric Offers €70 to Buy Shelly Group

By Drooid · Sep 24, 2026, 3:04 PM UTC · How we work

Summary

Schneider Electric Bids Shelly

Schneider Electric offers €70 per share to acquire Bulgaria’s Shelly Group.
The offer values Shelly at about €1.2 billion, a 27% premium to the reference price.
Dimitar Dimitrov will tender his shares and remain co-CEO with Kirsch.
Svetlin Todorov will sell 5% now and about 23% later.
The transaction requires 95% shareholder acceptance and is expected to close in Q1 2027.

Summary

Schneider Pursues Shelly

Schneider Electric has made an offer for Shelly Group.
Analysts describe the purchase as a sensible bolt-on fitting Schneider’s smart-building strategy.
Jefferies notes strong rationale and high synergy potential with Schneider’s residential business, about a third of its building exposure.
Shelly Group’s revenue has expanded by more than 40% annually since 2022.
After the announcement, Shelly shares rose 4.3% while Schneider’s stock slipped 0.5% at 0859 GMT.

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Schneider Electric Bids Shelly

Schneider Electric offers €70 per share to acquire Bulgaria’s Shelly Group.
The offer values Shelly at about €1.2 billion, a 27% premium to the reference price.
Dimitar Dimitrov will tender his shares and remain co-CEO with Kirsch.
Svetlin Todorov will sell 5% now and about 23% later.
The transaction requires 95% shareholder acceptance and is expected to close in Q1 2027.

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