[CLSTR]
< Back to situation

[REVISION HISTORY]

Schneider Electric acquisition of Shelly Group

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-09-28 10:43 UTC → 2026-10-25 21:22 UTC · added removed

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. The official takeover bid If this threshold is expected met, Schneider Electric intends to be filed 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 within three (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, with approval anticipated by late 2026. days to submit the revised documentation. If successful, approved, the transaction is projected parties aim to close in complete the acquisition by the first quarter of 2027. 2027, with Schneider Electric intends intending to maintain Shelly Group’s headquarters and workforce in Bulgaria for at least three years following the deal. years.

Versions

  1. 2026-10-25 21:22 UTC Schneider Electric acquisition of Shelly Group
  2. 2026-09-28 10:43 UTC Schneider Electric acquisition of Shelly Group

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.