Signed · Bulgaria · Semiconductors and electronics
Schneider Electric agrees to acquire Shelly Group.
French energy technology group Schneider Electric signed an investment agreement on 24 September 2026 with Shelly Group of Sofia, Bulgaria, a maker of smart home and IoT devices, backing a planned cash tender offer of EUR 70 per share for all shares. Founders holding about 57 percent support the bid, which needs a 95 percent minimum and approvals; closing is expected in the first quarter of 2027. It was signed on 24 September 2026. It had not completed by 28 October 2026.
SigningDay 100
Signing 24 September 2026
- Buyer
- Schneider Electric SE ·Rueil-Malmaison, France
- Target
- Shelly Group SE ·Sofia, Bulgaria
- Type
- Acquisition
- Announced
- 24 September 2026
- Signed
- 24 September 2026
- Value
- EUR 1.2 billion
- People
- Not stated in the release
- Last checked
- 28 October 2026
The people side in Bulgaria
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
- In an asset deal, staff move on their existing terms, and the transfer alone is no ground for dismissal. Acquired Rights Directive (Council Directive 2001/23/EC), articles 3 and 4
- In an asset or business transfer, seller and buyer each inform their staff representatives in good time of the date, reasons, implications and planned measures, and consult on those measures. Acquired Rights Directive (Council Directive 2001/23/EC), article 7
- Depending on the country, undertakings with 50 or more employees, or establishments with 20 or more, inform and consult employee representatives on decisions likely to change work organisation or contractual relations substantially. Information and Consultation Directive (Directive 2002/14/EC), articles 3 and 4
Sources
- Target release (EQS News), 24 September 2026 (primary source)
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