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    SLYG — Shelly AD News Story

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    Schneider Electric nears deal for smart device firm Shelly, Bloomberg News reports

    Picture of Shelly AD logoShelly AD
    24/09/2026 05:22
    Schneider Electric nears deal for smart device firm Shelly, Bloomberg News reports
    Sept 24 (Reuters) - French industrial technology firm Schneider Electric SE SCHN.PA is nearing an agreement to acquire Shelly Group SE SLYG.BB, a maker of smart devices for the home, Bloomberg News reported on Thursday, citing people familiar with the matter. 
    Schneider has been discussing an offer of about €70 ($79.65) a share, that would value Bulgaria-based Shelly Group at around €1.27 billion, excluding debt, the report added. 

    ($1 = 0.8789 euros)

     (Reporting by Rhea Rose Abraham in Bengaluru; Editing by Nivedita Bhattacharjee)
     ((rhearose.abraham@thomsonreuters.com))

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