Shelly Group SE (Ticker: SLYG/ ISIN: BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has exercised a Call Option for the acquisition of the remaining stake of 24% of the share capital in its Slovenian IoT subsidiary Shelly Tech (previously trading as GOAP Racunalniški inzeniring in avtomatizacija procesov d.o.o. Nova Gorica). The exercise of the Call Option marks the final stage of the acquisition process based on an Option Agreement signed between Shelly and the Target Company’s shareholders, initially announced in January 2023.
The total purchase price for the 24% stake under the exercised Call Option is EUR 948,939.02, as per calculations in accordance with the Option Agreement. The transfer of the shares is subject to further procedures expected to follow in the coming weeks. This acquisition consolidates Shelly Group’s ownership of the subsidiary, which is involved in IoT and automation solutions, aligning with the company’s strategy to strengthen its technological capabilities and market presence. For further information, visit corporate.shelly.com.
Shelly Group develops, designs, and distributes IoT and smart building solutions for DIY and professional users, offering advanced technology, seamless interoperability, and a high degree of technological flexibility. Shelly products enable remote control and automation as well as energy management of electrical appliances and smart building solutions via smartphones, PCs, or third-party home automation systems. In addition to device sales, the company generates revenue from its cloud applications. Shelly Group benefits from asset-light production through contract manufacturers.
The company has a strong presence in German-speaking countries and is represented in more than 100 countries. With sales organizations in DACH, Benelux, the Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States, and China, Shelly Group maintains a broad international presence. Shelly Group SE (ISIN: BG1100003166) is listed on the Bulgarian Stock Exchange and on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (XETRA: SLYG) and is included in the SDAX.
