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  <title>Eurotrack: Shelly Group SE</title>
  <subtitle>All entries on Shelly Group SE across all areas, newest first.</subtitle>
  <link href="https://eurotrack.ai/en/companies/shelly/"/>
  <link rel="self" href="https://eurotrack.ai/en/companies/shelly/feed.xml"/>
  <id>tag:eurotrack.ai,2026:en:en/companies/shelly</id>
  <updated>2026-09-24T06:00:00Z</updated>
  <author><name>Eurotrack</name></author>
  <entry>
    <title>🤝 Schneider Electric to acquire Bulgarian Shelly Group (Bulgaria / France)</title>
    <link href="https://eurotrack.ai/en/developments/9afbe7b6-schneider-electric-to-acquire-bulgarian-shelly-group/"/>
    <id>tag:eurotrack.ai,2026:9afbe7b6:en</id>
    <updated>2026-09-24T06:00:00Z</updated>
    <summary>On 24 September 2026 Schneider Electric announced a cash offer of €70 per share for Bulgarian smart home and IoT maker Shelly Group; the deal values Shelly at around €1.2bn excluding debt, a 27% premium to the unaffected reference price. The founders back the deal; completion depends on, among other things, a minimum acceptance level and regulatory approvals. This firms up the preliminary talks reported on 29 July 2026 (entry 53f7bc81) (heise online, 24 Sep 2026; Handelsblatt, 24 Sep 2026). Update (28.09.2026): Schneider's subsidiary SE 2026 A SAS has registered the €70-per-share offer with Bulgaria's Financial Supervision Commission (FSC); the minimum acceptance threshold is 95%, and the acceptance period will only start once the FSC has approved and the offer has been published (Shelly Group ad hoc release, 28.09.2026). Update (05.10.2026): Shelly Group's board of directors considers the €70-per-share offer adequate in its reasoned statement, relying on a fairness opinion from Freitag &amp; Co.; in the investment agreement Schneider committed, among other things, to preserving management, locations, employment levels and core brands for a set period (Shelly Group, ad hoc announcement, 05.10.2026). Update (23 October 2026): the Bulgarian Financial Supervision Commission (FSC) completed its preliminary review of the offer on 22 October 2026 and asked for additions to the offer document, for which the bidder has 20 business days; the price is not affected. The acceptance period will begin only once the amended document is approved (Shelly Group, EQS release, 23 October 2026). — Sources: https://www.heise.de/en/news/Smart-Home-Schneider-Electric-takes-over-Shelly-Group-11464299.html · https://www.finanznachrichten.de/nachrichten-2026-10/69759497-eqs-adhoc-shelly-group-se-verwaltungsrat-mit-positiver-stellungnahme-zum-registrierten-freiwilligen-oeffentlichen-erwerbsangebot-der-schneider-electr-022.htm · https://live.deutsche-boerse.com/news/EQS-News-Bulgarian-Financial-Supervision-Commission-completes-preliminary-review-of-the-voluntary-public-takeover-offer-for-Shelly-Group-SE-0f8f4c93-26a0-40e3-aecd-5b382c5d4181</summary>
  </entry>
  <entry>
    <title>🤝 Report: Schneider Electric in early talks over Shelly Group (Bulgaria / France)</title>
    <link href="https://eurotrack.ai/en/developments/53f7bc81-report-schneider-electric-in-early-talks-over-shelly-group/"/>
    <id>tag:eurotrack.ai,2026:53f7bc81:en</id>
    <updated>2026-07-29T06:00:00Z</updated>
    <summary>Reported stage (first Bloomberg, picked up by BTA and SeeNews, 29 July 2026): France's Schneider Electric is in preliminary talks over a tender offer for Bulgarian smart home and IoT manufacturer Shelly Group, which is listed in Sofia and Frankfurt. A valuation of around €1.3bn, or about €70 per share, is cited. There is no binding offer; whether one materialises, on what terms and on what timetable is open. Update (24 Sep 2026): Schneider Electric has announced a cash offer of €70 per share (valuation around €1.2bn); the volume is carried in follow-up entry 9afbe7b6. — Source: https://seenews.com/news/schneider-electric-in-prelim-tender-offer-talks-with-bulgarias-shelly-group-1298852</summary>
  </entry>
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