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Schneider Electric plans an offer for smart-device maker Shelly Group, valuing the company at about €1.2bn (≈$1.37bn). The firms signed an agreement on a €70-per-share offer. Schneider says the deal will combine its residential, retrofit and small-co

2026-09-24

Schneider Electric plans an offer for smart-device maker Shelly Group, valuing the company at about €1.2bn (≈$1.37bn). The firms signed an agreement on a €70-per-share offer. Schneider says the deal will combine its residential, retrofit and small-commercial building tech products with Shelly’s software-centric home energy management platform. The transaction is subject to customary regulatory approvals and is expected to close in Q1 2027.

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2026-09-24

Safavi, military advisor to Iran's Supreme Leader: Iran will always control and manage the Strait of Hormuz.

Safavi, military advisor to Iran's Supreme Leader: Iran will always control and manage the Strait of Hormuz.
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