{
  "id": 9491013,
  "title": "Sources: Schneider Electric is nearing a deal to acquire Bulgaria-based smart home device maker Shelly Group at a €1.27B valuation, excluding debt (Bloomberg)",
  "url": "https://urgent.news/2026/09/24/sources-schneider-electric-is-nearing-a-deal-to-acquire-bulgaria",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T04:45:01.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.bloomberg.com/news/articles/2026-09-24/schneider-electric-said-near-deal-for-smart-device-firm-shelly"
  },
  "original_language": "en",
  "account": null,
  "summary": "Schneider Electric is nearing a deal to acquire Shelly Group, a Bulgaria-based smart home device maker. The deal values Shelly Group at €1.27 billion, excluding debt, according to Bloomberg.\n\nThe acquisition would add to Schneider Electric's presence in the smart home market. Shelly Group makes a range of smart devices for homes.\n\nDetails of the deal, including its timing and terms, are not specified in the reports. Schneider Electric and Shelly Group have not made an official announcement on the matter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "Sources: the Trump administration is considering an initiative to promote use of dollar-denominated stablecoins overseas, including via JVs with private firms (Bloomberg)",
        "url": "https://urgent.news/2026/09/24/sources-the-trump-administration-is-considering-an-initiative-to",
        "published": "2026-09-24T01:50:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}