Schneider Electric Nears Deal to Acquire Smart Device Maker Shelly
Source Summary
Schneider Electric SE is nearing an agreement to acquire Shelly Group SE, a maker of smart home devices. The deal has not yet been finalized, according to sources familiar with the matter.
Why it matters
The acquisition would expand Schneider Electric's portfolio in the growing smart home and connected devices market.
What remains uncertain
The deal terms and timing remain unconfirmed, and the agreement has not yet been finalized.
