Shelly Group and Schneider Electric Ink Investment Agreement

Shelly Group SE has announced an investment agreement with Schneider Electric, marking a significant step towards a voluntary public takeover. Schneider Electric plans to offer EUR 70.00 per share for Shelly Group, valuing the company at approximately EUR 1.2 billion, representing a 27% premium to the initial reference price.

The agreement includes support from Shelly's founders and executives, with Co-CEO Dimitar Dimitrov signaling his intent to reinvest a portion of his proceeds, underscoring continued commitment. The takeover aims to enhance Shelly's growth in global markets by leveraging Schneider Electric’s resources while keeping Shelly’s operational base intact in Bulgaria.

This transaction sets the stage for accelerating Shelly’s development as a technology platform, focusing on smart building solutions and energy management. Subject to regulatory approvals, the completion of the transaction is anticipated by the first quarter of 2027.