French company Schneider Electric acquires Bulgarian Shelly Group for 1.2 billion euros
The French technology giant Schneider Electric has officially announced the conclusion of a deal to acquire the Bulgarian company Shelly Group. The value of the agreement amounts to 1.2 billion euros, making this purchase one of the most significant deals in the technology sector in Bulgaria.
Shelly Group is known for its innovative "smart home" solutions and automation devices, which are sold successfully on international markets. The company has managed to build a strong reputation thanks to its high-quality products, which allow users to easily control household appliances via the internet.
For its part, Schneider Electric is a global leader in energy management and industrial automation. The acquisition of the Bulgarian firm will allow the French company to expand its portfolio and strengthen its position in the consumer technology segment for smart buildings.
This deal is proof of the high potential of Bulgarian technology companies and their ability to attract the attention of major international investors. The partnership between the two companies is expected to lead to new innovations and better services for customers around the world.