Schneider Electric SE is in talks to acquire Shelly Group SE, a smart home device manufacturer. The deal would expand Schneider's presence in the connected devices market.
Schneider Electric, a global leader in digital transformation and energy management, has entered negotiations to buy Shelly Group SE, sources confirmed. Shelly specializes in smart devices for residential and commercial applications, offering connected switches, relays, and automation solutions.
The acquisition would strengthen Schneider's smart home portfolio and complement its existing IoT and energy efficiency offerings. Shelly has built a presence in Europe and beyond with affordable, accessible smart device products.
No financial details or timeline have been disclosed. The companies have not made official statements regarding the talks. Deal completion would require customary regulatory approvals.
Schneider Electric has pursued multiple acquisitions in recent years to bolster its digital and sustainability capabilities. The potential Shelly deal aligns with industry consolidation trends as major tech and industrial firms compete for smart home market share.
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