business

Schneider Electric Approaches Agreement to Acquire Smart Device Maker Shelly

24 Eylül 2026Bloomberg

Schneider Electric is close to finalizing a deal to acquire Shelly Group, a company specializing in smart home devices.
Schneider Electric SE is reportedly close to finalizing a deal to acquire Shelly Group SE, a company known for its smart home devices. This acquisition aligns with Schneider's strategy to expand its portfolio in the growing smart home technology market.
The move reflects the increasing demand for home automation solutions as consumers seek more efficient and connected living environments.
The smart home market has been experiencing significant growth, driven by advancements in IoT technology and increasing consumer interest in home automation. Companies are racing to develop innovative solutions that cater to this demand, making strategic acquisitions a common tactic to enhance capabilities and expan…
The potential acquisition of Shelly Group by Schneider Electric highlights the competitive landscape in the smart home sector. As technology continues to evolve, established players like Schneider are strategically positioning themselves to capture market share and enhance their product offerings.

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This article is based on information from sources familiar with the matter and has not been officially confirmed by either company.

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