SE 2026 A SAS, a wholly-owned subsidiary of global energy technology leader Schneider Electric SE (“Schneider Electric”), has entered into an Investment Agreement with Shelly Group SE (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria. The Investment Agreement sets out the terms on which Shelly Group would support Schneider Electric's intended voluntary public tender offer. Schneider Electric intends to offer EUR 70.00 in cash for each Shelly Group share. This values Shelly Group at approximately EUR 1.2 billion.
Hengeler Mueller advises Schneider Electric in an integrated team together with Best Friends law firm Bredin Prat (Clémence Fallet, France), Boyanov & Co (Yordan Naydenov, Bulgaria) and JunHe (China) on the Investment Agreement and the voluntary public takeover offer.
Hengeler Mueller team for Schneider Electric
Corporate/M&A: Andreas Hoger (Frankfurt), Oda Christiane Goetzke (both partner, both lead), Susanne Marie Struth (senior associate, both Düsseldorf), Oleg Goldschmidt, Rebecca Vossebürger, Sarah Schadeck, Jonas Drögemüller (all Düsseldorf), Sebastian Hild, Ramon Schmitt, Maximilian Appel (all Frankfurt, all associate),
Public Law: Vera Jungkind (partner), Jonas Els (associate, both Düsseldorf),
Antitrust: Philipp Otto Neideck (partner), Larissa Ruch, Tim Lichtenberg, Lara Schäfer (all associate, all Düsseldorf),
Employment: Christian Hoefs (partner, Frankfurt), Vicki Treibmann (senior associate, Düsseldorf),
IT/IP: Matthias Rothkopf (partner), Johannes Jäkle, Kim Josefine Weisser (all Düsseldorf), Róża Grzybowska (Berlin, all senior associate).