Debevoise & Plimpton LLP is advising Schneider Electric (EPA: SU) in antitrust and competition aspects of its agreement with Shelly Group and its two founding shareholders, Dimitar Dimitrov and Svetlin Todorov, for the acquisition by Schneider Electric of Shelly Group, a provider of IoT and smart building solutions, in an all-cash transaction valued at €1.2 billion.

The transaction is subject to successful completion of the public offer and to customary regulatory approvals. It is expected to close by Q1 2027.

For full details, see the official release here.

The Debevoise team advising Schneider is led by partner Timothy McIver, and includes partner Anne-Mette Heemsoth, and associates Lina Hamidou, Aakanksha Jadhav and Megan MacDonald.