Schneider Electric Said Near Deal for Smart Device Firm Shelly

🇺🇸 Bloomberg (US) —

AI Summary

Schneider Electric SE is reported to be close to acquiring Shelly Group SE, a company specializing in smart home devices, marking a significant deal in the smart device market sector. The agreement is anticipated to enhance Schneider Electric's portfolio in home automation technology.

Schneider Electric SE is nearing an agreement to acquire Shelly Group SE, a maker of smart devices for the home, according to people familiar with the matter.

Markets Deals AI & Tech Schneider Electric Shelly Group smart devices home automation acquisition technology deal

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