Energy technology company Schneider Electric has reached an agreement with Shelly Group, which sells smart home technology, on an offer of 70 euros per share. The offer is conditional on Schneider Electric achieving at least 95 percent ownership following the offer and obtaining the necessary regulatory approvals.Yesterday, Shelly Group closed at 64.90 euros. Its market capitalization is 1.16 billion euros. Shelly competes with Swedish Plejd.