Schneider Electric nears deal to buy Shelly Group for €1.27B

Schneider Electric is nearing an agreement to acquire Bulgaria-based smart home device maker Shelly Group, according to Bloomberg sources. The deal values Shelly at €1.27B excluding debt.

• Schneider Electric is in talks to acquire Shelly Group
• The deal values Shelly at €1.27B excluding debt
• Shelly Group is a Bulgaria-based smart home device maker