SofiaFrance’s Schneider Electric offers €70 a share for Shelly.
The €1.2 billion cash deal pushes Schneider deeper into connected homes, against Legrand, Plejd and ABB.
The offer is a 27% premium to Shelly’s unaffected July 28 price, and founders holding 57% conditionally agreed to sell.
Schneider expects the deal to close by the first quarter of 2027.
Sources: Aol