Approved · Waiver · decided in 22 days, 16 Oct 2026
French-headquartered Schneider Electric Industries SAS, via its subsidiary SE 2026 A, proposes to acquire sole control of Bulgaria's Shelly Group SE. The transaction involves share acquisitions and a public takeover offer. Both parties are active in smart home automation solutions, with Schneider Electric also in power management and energy software.
Schneider Electric Industries SAS (Schneider Electric), through its wholly owned subsidiary SE 2026 A, proposes to acquire sole control of Shelly Group SE (Shelly) by way of certain individual over-the-counter share acquisitions and through the completion of a voluntary public takeover offer (the Acquisition). Schneider Electric is headquartered in France and listed on Euronext Paris. Schneider Electric is an international group that is mainly active in power management (medium voltage, low voltage and secure power), and in various types of software solutions and products for automation and energy management of commercial, industrial and infrastructure customers. It also provides smart home automation solutions as an ancillary offering of its business, including in Australia. Shelly is a Bulgaria-headquartered technology company dual listed on the Bulgarian Stock Exchange and the Frankfurt Stock Exchange in Germany. Shelly is active in the development, production and sale of smart home automation solutions under the Shelly brand. Shelly primarily focuses on the supply of smart home automation solutions in Europe but also supplies smart home automation products into Australia. Shelly does not have any offices or employees in Australia.