Schneider Electric Has Nearing Deal for Shelly Group
The French industrial firm is in advanced talks to acquire the Bulgarian smart device maker for 1.27 billion euros.
Updated on Sept. 24, 2026 in Corporate Finance
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Schneider Electric has neared an agreement to acquire Shelly Group, a Bulgaria-based manufacturer of smart devices. The deal is expected to value the company at approximately 1.27 billion euros, excluding debt.
Why it matters
The acquisition represents a strategic move by Schneider Electric to expand its footprint in the smart home and industrial technology sectors. This deal would integrate Shelly Group’s specialized device expertise into the broader industrial technology portfolio of the French conglomerate.
The proposed offer price is set at approximately 70 euros per share, equivalent to 79.65 dollars based on current conversion rates. This valuation targets the Bulgarian manufacturer at 1.27 billion euros before debt considerations.
The players
Schneider Electric
Schneider Electric is a French industrial technology firm focused on energy management and automation.
Shelly Group
Shelly Group is a Bulgaria-based company that specializes in the production of smart devices.
The details
Schneider Electric is currently in advanced acquisition talks, according to people familiar with the matter. The companies are working to finalize terms that would bring the Bulgaria-based smart device developer into the Schneider Electric industrial technology network.
Timeline
Negotiations were reported on September 24, 2026.
Market Dynamics
This move mirrors the industry-wide consolidation trend where large-scale industrial firms integrate nimble technology developers to capture smart-home market share. It signals a departure from legacy hardware-only models toward highly connected, digital-first industrial ecosystems.
Investors and stakeholders are observing the 70 euros per share offer as a benchmark for current valuations in the European smart technology sector. The deal may influence future portfolio allocations for those holding positions in the smart device hardware industry.
The takeaway
The proposed deal highlights the increasing value of specialized IoT manufacturers in the global industrial landscape. Investors should monitor how the integration of Shelly Group hardware shifts the competitive positioning of Schneider Electric against other major smart-tech players.
Further reading
For more on industry shifts, visit Corporate Finance.
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