Shelly Group increases its stake in its Slovenian subsidiary Shelly Tech

Shelly Group AD, a technology company based in Sofia and listed on the stock exchange, announces the acquisition of an additional 16% stake in its Slovenian subsidiary Shelly Tech, specializing in IoT. This transaction follows the exercise of a purchase option, as per the terms of an agreement signed with the shareholders of Shelly Tech in January 2023. The purchase price for this stake amounts to 586,666.30 euros.

Shelly Tech, formerly known as GOAP d.o.o., focuses on computer engineering and process automation. With this operation, Shelly Group strengthens its presence in the IoT market, a sector experiencing rapid growth. The group now holds 76% of Shelly Tech's shares, with the remaining 24% still controlled by three individual shareholders, with a buy/sell option scheduled for 2026.

Shelly Group stands out for its commitment to innovation and the development of high-quality IoT products that meet end-user needs. Operating in over 100 markets, the group has international operations with offices in Bulgaria, Germany, Slovenia, China, and the United States.