This Research Note examines a potential acquisition of Shelly Group, a European public company based in Bulgaria that provides IoT and smart home solutions, by Schneider Electric. We explore the target company, its market, financial performance, and fit with Schneider Electric. This Research Note updates our previous coverage of the group in January 2025. Reported Tender Offer Shelly Group SE confirmed on 29th July that it is in preliminary discussions with Schneider Electric regarding a potential tender offer for the shares of the Company. Schneider Electric is reportedly in talks for a potential €1.3 billion acquisition of Shelly Group. Talks are still ongoing, and although no deal is assured, it is an opportune time to review the target company and its product portfolio. Shelly Group Profile Established in 2010 and headquartered in Sofia, Bulgaria, Shelly Group develops, designs, and distributes IoT and smart building solutions for DIY and professional users. Shelly products enable remote control and automation […]
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