Home / Business and Economy / Schneider Electric Eyes Shelly Group Acquisition
Schneider Electric Eyes Shelly Group Acquisition
29 Jul
Summary
- Schneider Electric is reportedly in acquisition talks.
- The potential deal values Shelly Group at around €70 per share.
- Shelly Group is a prominent maker of smart home devices.
Schneider Electric SE, a leader in industrial technology, is currently in advanced negotiations to acquire Shelly Group SE. People familiar with the matter revealed these discussions are progressing towards a potential deal. The proposed acquisition centers on Shelly Group's established reputation as a manufacturer of smart devices designed for home automation and connectivity.
The French firm is reportedly offering a price of approximately €70 per share. This valuation suggests a significant interest in Shelly Group's market position and technological capabilities. Advisors are actively involved in facilitating these ongoing talks, aiming to finalize an agreement.
This potential acquisition signals Schneider Electric's strategic intent to bolster its smart home offerings. Shelly Group's innovative product line, which includes devices for lighting, energy management, and security, could prove a valuable addition to Schneider Electric's existing smart building solutions. The deal is expected to be finalized in the near future.
