Schneider Electric agrees to launch €70-per-share Shelly takeover
Schneider Electric and Shelly Group entered into an investment agreement under which Schneider intends to launch a voluntary, all-cash public takeover offer for all outstanding Shelly shares at €70 per share. The transaction is board-backed and values Shelly at approximately €1.2 billion, with Reuters reporting an equity value of about €1.27 billion excluding debt. Completion is conditional on relevant regulatory clearances and at least 95% acceptance, with closing expected by the first quarter of 2027; Shelly said the offer had not yet been registered or published at the time of its announcement.
This is a valid, forward-looking merger-and-acquisition development because Schneider Electric and Shelly Group have moved from preliminary discussions to an investment agreement with a defined €70-per-share cash offer, a 95% minimum acceptance condition, regulatory-clearance requirements, and an expected Q1 2027 closing. The wording is adjusted from “launched” to “agrees to launch” because Shelly’s official announcement states that the offer had not yet been registered or published and was not currently being made. The development is materially relevant to Schneider Electric and Shelly Group; indirect competitor and distributor impacts are too speculative for approval here. The announcement date is explicit, but the precise occurrence time is estimated from the contemporaneous source timestamp.
Schneider Electric (SU) launched a voluntary €70/share cash takeover for Shelly, valuing it ~€1.2–1.27B, board-backed, needs regulatory clearance and 95% acceptance, expected close by Q1 2027