Shelly Group SE (Ticker: SLYG/ ISIN: BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has exercised a Call Option to acquire the remaining 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). This move marks the final stage of the acquisition process based on an Option Agreement signed between Shelly and the Target Company’s shareholders, announced in January 2023.
The total purchase price for the 24% stake under the exercised call option is EUR 948,939.02, as calculated in accordance with the Option Agreement. The transfer of shares is subject to further procedures expected to be completed in the coming weeks. This acquisition underscores Shelly Group's strategy to consolidate its ownership and strengthen its presence in the IoT and smart building market.
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. The company's products enable remote control, automation, and energy management of electrical appliances and smart building solutions via smartphones, PCs, or third-party home automation systems. In addition to device sales, Shelly Group generates revenue from its cloud applications and benefits from asset-light production through contract manufacturers.
With a strong presence in German-speaking countries and representation in over 100 countries, Shelly Group has sales organizations in DACH, Benelux, the Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States, and China. The company is listed on the Bulgarian Stock Exchange and the regulated market (Prime Standard) of the Frankfurt Stock Exchange (XETRA: SLYG) and is included in the SDAX.
For further information, visit corporate.shelly.com. View the original release on www.newmediawire.com.
