Schneider Electric Said Near Deal for Smart Device Firm Shelly

Schneider Electric SE is nearing an agreement to acquire Shelly Group SE, a maker of smart devices for the home, according to people familiar with the matter.

By Eyk Henning and Ruth David · Bloomberg Markets

Schneider Electric SE is nearing an agreement to acquire Shelly Group SE, a maker of smart devices for the home, according to people familiar with the matter.