Schneider Electric to acquire Shelly Group for 1.2 billion euros

Schneider Electric has signed an investor agreement to acquire Shelly Group for approximately 1.2 billion euros. The offer consists of a voluntary cash bid of 70 euros per share, which represents a premium of roughly 27 percent over the share price prior to takeover rumors.

The company's founders, who hold approximately 57 percent of all Shelly Group shares, have agreed to accept the offer. The completion of the transaction is subject to regulatory approvals and a minimum acceptance threshold of 95 percent of the outstanding shares. If this threshold is met, Schneider Electric intends to proceed with a mandatory takeover of the remaining shares.

The official takeover bid is expected to be filed with the Bulgarian Financial Supervision Commission (FSC) within three business days. Approval from the FSC is anticipated by late November or early December 2026, with the final closing of the transaction projected for the first quarter of 2027.