Report: Schneider Electric in early talks over Shelly Group
- Location
- Sofia · 🇧🇬 Bulgaria / France
- Sector
- Semiconductors
- Organisations
- Schneider Electric SE ↔ Shelly Group SE
- Transaction
- Takeover offer (preliminary talks)
- Volume
- not disclosed
- Status
- announced
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: seenews.com ↗ · Archived copy ↗
Evidence: one source · based on reports (not independently confirmed) · archived copy saved · How well sourced is Eurotrack?
More from: 🇧🇬 Bulgaria · 🇫🇷 France