Curated News
By: NewsRamp Editorial Staff
July 28, 2026
Shelly Group Seizes Full Control of Slovenian IoT Subsidiary
TLDR
- Shelly Group gains full control of Shelly Tech, strengthening its IoT market position and potentially boosting shareholder value.
- Shelly exercised a call option to acquire the remaining 24% stake in Shelly Tech for EUR 948,939, completing the acquisition process.
- Full ownership of Shelly Tech enables Shelly Group to streamline operations and deliver smarter, more integrated IoT solutions for better living.
- Shelly Group, known for smart home devices, now fully owns its Slovenian IoT subsidiary after a three-year acquisition plan.
Impact - Why it Matters
This acquisition matters because it signals Shelly Group's strategic intent to fully integrate its Slovenian subsidiary, potentially accelerating innovation in smart building IoT solutions. For consumers and professionals using Shelly products, this could mean more seamless interoperability, enhanced energy management features, and expanded cloud services. Investors should note the move as a sign of consolidation that may improve operational efficiency and margins, while the broader IoT market watches how Shelly Group leverages this full ownership to compete more aggressively in the smart home and building automation sector.
Summary
Shelly Group SE, a prominent provider of IoT and smart building solutions headquartered in Sofia, Bulgaria, and listed on the Frankfurt Stock Exchange under the ticker SLYG, has announced the exercise of a Call Option to acquire the remaining 24% stake in its Slovenian IoT subsidiary, Shelly Tech (formerly GOAP Racunalniški inzeniring in avtomatizacija procesov d.o.o. Nova Gorica). This move marks the final stage of a multi-year acquisition process that began with an Option Agreement signed in January 2023. The total purchase price for the minority stake is EUR 948,939.02, calculated according to the terms of the agreement. The share transfer is expected to be finalized in the coming weeks, subject to standard procedural steps.
Shelly Group is known for its innovative IoT and smart building solutions that cater to both DIY enthusiasts and professional users. The company’s products enable remote control, automation, and energy management of electrical appliances and building systems via smartphones, PCs, or third-party home automation platforms. With a global presence spanning over 100 countries and sales organizations in key regions including DACH, Benelux, the Nordics, the US, and China, Shelly Group continues to expand its footprint. The acquisition of the remaining stake in Shelly Tech underscores the company’s commitment to strengthening its technological capabilities and operational control in Slovenia, a strategic hub for IoT development.
The full acquisition of Shelly Tech is expected to enhance Shelly Group’s asset-light production model, which relies on contract manufacturers, and bolster its cloud-based revenue streams. Investors and industry watchers will be keen to see how this consolidation impacts Shelly Group’s financial performance and market positioning, particularly as it continues to trade on the regulated Prime Standard of the Frankfurt Stock Exchange and is included in the SDAX index. For more details, visit corporate.shelly.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Shelly Group Seizes Full Control of Slovenian IoT Subsidiary
