The all-cash offer values Shelly at about €1.2 billion, according to Schneider Electric, while Reuters and Bloomberg reporting put the transaction value at approximately €1.27 billion excluding debt. The offer remains subject to regulatory approval and a minimum acceptance threshold of 95% of Shelly's share capital.
Shelly, based in Sofia, develops connected devices including smart-home sensors, lighting products and connected wall plugs. Its technology provides Schneider with an established portfolio in a rapidly developing segment of the connected-device market.
The transaction forms part of a broader industrial shift towards software-enabled infrastructure, in which traditional electrical and industrial technology companies are increasingly combining physical equipment with connected systems and data services.
Schneider has been expanding its EcoStruxure platform, which integrates connected industrial and building technologies. The company says the platform is deployed at about 480,000 sites globally, giving Shelly's products potential access to a much larger industrial technology ecosystem.
Shelly's founders, Dimitar Dimitrov and Svetlin Todorov, collectively hold about 57% of the company and have backed the proposed transaction under agreed conditions. Shelly's board has also expressed support for the offer.
The deal highlights the growing strategic importance of smart-home and connected-device technologies as businesses and consumers seek greater control over energy consumption, security and building automation.
For Schneider, integrating Shelly's technology could strengthen its position in a market increasingly linked to energy efficiency and digitalisation. Connected devices can provide real-time data and automated control, supporting efforts to manage electricity use and improve building performance.
For the wider industrial sector, the transaction reflects the continuing convergence of electrical infrastructure, software and consumer technology. Companies with established connected-device ecosystems are becoming increasingly relevant to industrial groups seeking to broaden digital capabilities.
The acquisition is expected to remain subject to regulatory processes and the completion of the required offer conditions. If completed, it would represent another step in the consolidation of the smart-device market and underline the growing role of connected technology within the global industrial economy.
