French multinational Schneider Electric has announced plans to launch a €1.2 billion bid to acquire Bulgaria-based smart home technology company Shelly. The move underscores Schneider Electric’s strategic push to expand its presence in the fast-growing smart device market. Shelly, known for its innovative Internet of Things (IoT) solutions, has gained significant traction in Eastern Europe and beyond. This potential acquisition highlights the increasing consolidation within the smart home sector as major players seek to enhance their product portfolios and market reach.
Schneider Electric Pursues Strategic Expansion with €1.2bn Offer for Bulgaria’s Shelly
Schneider Electric is preparing to fortify its presence in the smart home and Internet of Things (IoT) market by unveiling a €1.2 billion offer to acquire Bulgaria-based Shelly. The acquisition aims to integrate Shelly’s advanced wireless automation solutions with Schneider’s global energy management…
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Author : EURO-NEWS
Publish date : 2026-09-25 15:19:00
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