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3 clusters · 21 sources · 31 days · First seen · Last updated

Schneider Electric acquisition of Shelly Group

Overview

Schneider Electric has entered into an investment agreement to launch a voluntary public takeover of the Bulgarian IoT and smart home provider, Shelly Group. The all-cash offer is valued at approximately 1.2 billion euros, set at 70 EUR per share, which represents a premium of roughly 22% to 27% over recent reference prices.

The deal is supported by Shelly Group’s founders, Dimitar Dimitrov and Svetlin Todorov, who control about 57% of the company. Dimitrov has committed to selling his approximately 29% stake while intending to reinvest a portion of the proceeds and remain Co-CEO alongside Wolfgang Kirsch.

To complete the acquisition, Schneider Electric must obtain necessary regulatory approvals and reach a minimum acceptance threshold of 95% of outstanding shares. If this threshold is met, Schneider Electric intends to proceed with a mandatory takeover of the remaining shares.

Following the registration of the offer by SE 2026 A, a subsidiary of Schneider Electric, the Bulgarian Financial Supervision Commission (FSC) has requested additional information and clarifications. Shelly Group confirmed that these requested supplements do not affect the essential terms of the offer or the acquisition price. Schneider Electric has 20 business days to submit the revised documentation. If approved, the parties aim to complete the acquisition by the first quarter of 2027, with Schneider Electric intending to maintain Shelly Group’s headquarters and workforce in Bulgaria for at least three years.

Entities

Shelly Group · Schneider Electric · Bulgarian Financial Supervision Commission · Sofia · Shelly Group SE

Timeline

  1. [BUSINESS] 2 sources
    Schneider Electric faces regulatory demands in Shelly acquisition

    Bulgarian regulators have requested additional details from Schneider Electric regarding its €1.2 billion acquisition of Shelly Group, though the €70 per share offer price remains unchanged.

  2. [BUSINESS] 4 sources
    Schneider Electric to acquire Shelly Group for 1.2 billion euros

    Schneider Electric plans to acquire Shelly Group for 1.2 billion euros at 70 euros per share, targeting a 95 percent acceptance threshold and a closing in Q1 2027.

  3. [BUSINESS] 16 sources
    Schneider Electric to acquire Shelly Group for 1.2 billion euros

    Schneider Electric plans to acquire Bulgarian smart home and IoT firm Shelly Group for approximately 1.2 billion euros in an all-cash deal, valuing the company at 70 euros per share.

Sources

ad-hoc-news.de · bild.de · cash.ch · computerbase.de · dday.it · drweb.de · elektrikerwissen.de · elektrowirtschaft.de · evertiq.pl · finanzen.net · finanznachrichten.de · fool.de · it-boltwise.de · kapitalmarktexperten.de · nerdsheaven.de · ruse.news · smarthomeassistent.de · standartnews.com · techtrends.bg · todaytech.eu · webdisclosure.com

This summary has been updated 1 time: see revision history