October 11, 2026, 6:32 am | Read time: 3 minutes
The French technology company Schneider Electric plans to acquire the smart home provider Shelly. Shareholders have an offer of 70 euros per share on the table. This would value Shelly at approximately 1.2 billion euros. However, the deal is not yet finalized. Schneider has not officially submitted the offer, and the relevant authorities must also approve it.
For the acquisition to proceed, Schneider needs at least 95 percent of all Shelly shares. If successful, the company could also acquire the remaining shares and delist the company. Both parties currently expect the deal to close in the first quarter of 2027.
What the Planned Acquisition Entails
The acquisition would expand Schneider Electric’s existing business. The company is already active in areas such as power distribution and building automation. With its Wiser brand, the company also offers products for connected homes.
Shelly, on the other hand, has made a name for itself with compact smart home devices. The range includes switches, sockets, and sensors, which can be used to control lights or blinds via smartphone.
There are also commitments for Shelly for the period after the planned purchase. The company headquarters, locations, and workforce are to be maintained for at least three years.
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What the Announcement Means for Users
For Shelly customers, nothing changes initially. The announcement does not mention any adjustments to the app or changes to the products. Those who already use the manufacturer’s devices do not need to take any action at this time.
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Many users rely on Shelly because the devices work with different platforms. Numerous models can be connected to voice assistants like Alexa and services like Google Home or Home Assistant. Some products can even be used directly in the home Wi-Fi without requiring an internet connection.
Open Questions on Interfaces and Subscriptions
Despite the assurances so far, some points remain unclear. It is not yet known whether Schneider Electric will keep the existing interfaces to other systems unchanged after an acquisition.
There are also no specific statements about costs yet. Shelly already offers a paid premium subscription in addition to free basic functions. The announcement notes that there are opportunities to expand the business with software and subscriptions. However, no specific changes to features, prices, or free usage are currently mentioned.