Shelly Group AD (BUL:SLYG) acquired Assets from LOQED B.V. for ?0.15 million on July 11, 2024. To this end, Shelly Group has acquired the material assets, including the technology (intellectual property, IP) and the inventory, of LOQED B.V., which is currently undergoing insolvency proceedings. Shelly will integrate LOQED into the Shelly product portfolio and Shelly Cloud solutions as quickly as possible in order to provide the Shelly user experience that customers cherish. For customers to continue using their existing LOQED locks without restriction, Shelly will initially continue to operate the LOQED platform and subsequently embed it into Shelly Cloud solutions as part of the upcoming integration.

Shelly Group AD (BUL:SLYG) completed the acquisition of Assets from LOQED B.V. on July 11, 2024.