TGI Cancels Planned Acquisition of Shelly North Carolina

The diversified technology company has decided not to proceed with the previously announced deal.

Published on Feb. 9, 2026

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TGI Solar Power Group, a diversified technology and real estate development company, has announced the dissolution of its previously announced agreement to acquire Shelly North Carolina, Inc. After completing due diligence reviews, TGI has elected not to move forward with the acquisition, and the two companies will remain separate entities with no integration of operations or management.

Why it matters

The cancellation of this acquisition highlights the importance of thorough due diligence in mergers and acquisitions, as well as the need for companies to be cautious when pursuing growth opportunities that may not ultimately align with their strategic goals and priorities.

The details

TGI Solar Power Group initially announced the planned acquisition of Shelly North Carolina, Inc. in January 2023. However, after conducting the necessary due diligence reviews, the company has now decided not to proceed with the deal. As a result, the two companies will remain independent, with no integration of their operations or management teams.

  • TGI Solar Power Group initially announced the planned acquisition of Shelly North Carolina, Inc. on January 23, 2023.
  • On February 9, 2026, TGI Solar Power Group announced the dissolution of the previously announced agreement.

The players

TGI Solar Power Group

A diversified technology and environmentally efficient real estate development company.

Shelly North Carolina, Inc.

The company that TGI Solar Power Group had planned to acquire, but ultimately decided not to proceed with the deal.

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The takeaway

This decision by TGI Solar Power Group highlights the importance of thorough due diligence in mergers and acquisitions, as well as the need for companies to carefully evaluate whether potential acquisitions align with their strategic goals and priorities before committing to a deal.