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Schneider Electric Said Near Deal for Smart Device Firm Shelly
Source: Bloomberg
M&A & RestructuringTechnology & Innovation
Schneider Electric SE is nearing an agreement to acquire Shelly Group SE, a maker of smart-home devices, according to people familiar with the matter. The potential deal would expand Schneider Electric's presence in connected-home and smart-device technology, though financial terms and timing were not disclosed.
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