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BusinessRising · 6h

Schneider Electric nears €1.27B deal to acquire Shelly Group

Bloomberg reports the French energy giant is close to buying the Bulgarian smart-home device maker, excluding debt.

newest coverage 46m agosummary written 5h ago8 pieces1 likes & upvotes MastodonNewswiresHacker News

What to know

  • Bloomberg reports Schneider Electric is nearing an acquisition of smart home device maker Shelly Group.
  • The reported deal would value Shelly Group at €1.27 billion, excluding debt.
  • Neither company has publicly confirmed the deal; reporting is based on unnamed sources familiar with the matter.

Schneider Electric SE French energy management and automation companyShelly Group SE Bulgaria-based maker of smart home devices

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

Peak 2 pieces in one quarter hour at Yesterday, 11 PM; 8 pieces over 7 hours (4 articles · 4 posts) Yesterday, 11:09 PM — quietYesterday, 11:24 PM — quietYesterday, 11:39 PM — quietYesterday, 11:54 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Today, 12:09 AM — quietToday, 12:24 AM — quietToday, 12:39 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Today, 12:54 AM — 1 piece · 1 article — Newswires 1Today, 1:09 AM — quietToday, 1:24 AM — quietToday, 1:39 AM — quietToday, 1:54 AM — quietToday, 2:09 AM — quietToday, 2:24 AM — 1 piece · 1 article — Newswires 1Today, 2:39 AM — quietToday, 2:54 AM — quietToday, 3:09 AM — quietToday, 3:24 AM — quietToday, 3:39 AM — quietToday, 3:54 AM — quietToday, 4:09 AM — quietToday, 4:24 AM — quietToday, 4:39 AM — quietToday, 4:54 AM — quietToday, 5:09 AM — 1 piece · 1 post — Hacker News 1Today, 5:24 AM — quietToday, 5:39 AM — quietToday, 5:54 AM — 1 piece · 1 post — Mastodon 1 12
today2 AM4 AMnow · 6:09 AM ET
  1. 2

    Deal valuation put at €1.27 billion excluding debt

    A follow-up Bloomberg report specifies that the near-deal values Bulgaria-based Shelly Group at €1.27 billion, excluding debt.

    “Sources: Schneider Electric is nearing a deal to acquire Bulgaria-based smart home device maker Shelly Group at a €1.27B valuation, excluding debt…”
    — Techmeme@techhub.social, News aggregator repost · source

    1. 3 outlets first by Bloomberg, 5h ago · also Investing.com News, WSJ US Business · read ↗

    • heiseonlineenglish@social.heise.de

      Smart Home: Schneider Electric takes over Shelly Group The French group Schneider Electric is taking over the smart home manufacturer Shelly for around 1.2 billion euros. The founders support the deal. https://www. heise.de/en/news/Smart-Home-Sc…

      heiseonlineenglish@social.heise.deMastodon13m agoview on Mastodon ↗
  2. 1

    Schneider Electric nears deal to acquire Shelly Group

    Bloomberg reports, citing people familiar with the matter, that Schneider Electric SE is close to an agreement to acquire smart home device maker Shelly Group SE.

    1. 1 outlet first by Bloomberg Markets, 6h ago · read ↗