LG Electronics has announced the acquisition of an 80% stake in Athom, a Dutch firm famend for its good house platform, Homey. LG plans to amass the remaining 20% over the following three years. This transfer goals to boost LG’s ThinQ good house platform, positioning it to raised compete with Samsung’s SmartThings, a number one participant within the good house market.
Homey, established in 2014, helps over 50,000 good house gadgets from varied manufacturers comparable to Aqara, Honeywell, IKEA, Netatmo, Philips Hue, Samsung, and Sonos; It’s appropriate with Amazon Alexa and Google Assistant. Homey Professional, a central hub, helps a number of connectivity requirements together with Bluetooth, Wi-Fi, Zigbee, Z-Wave Plus, Infrared, Matter, and Thread.
Homey is favored by customers in search of privateness and in depth customization choices by means of options like Superior Stream and HomeyScript.
Following the acquisition, LG plans to combine Homey’s capabilities into its ThinQ good house home equipment and app — Current Homey customers will quickly be capable to handle LG ThinQ-compatible gadgets by means of the Homey app. Regardless of the acquisition, Athom will preserve its impartial operations, branding, and staff, with its founders persevering with as executives to uphold their imaginative and prescient for an improved good house expertise.
Whereas the precise monetary particulars of the deal weren’t disclosed, the Korea Financial Each day estimates the acquisition at round KRW 85 billion (roughly $61 million). This strategic acquisition mirrors Samsung’s 2014 buy of SmartThings for $200 million, which has since been built-in into Samsung’s product lineup, together with fridges, soundbars, and TVs.
This acquisition represents LG’s dedication to increasing its good house ecosystem and providing enhanced compatibility with third-party gadgets. The combination of Homey is anticipated to bolster ThinQ’s competitiveness towards established platforms like SmartThings, offering customers with a extra complete and customizable good house expertise.
Filed in . Learn extra about AI (Artificial Intelligence), LG and Samsung.
Trending Merchandise
SAMSUNG FT45 Series 24-Inch FHD 1080p Computer Monitor, 75Hz, IPS Panel, HDMI, DisplayPort, USB Hub, Height Adjustable Stand, 3 Yr WRNTY (LF24T454FQNXGO),Black
ASUS RT-AX88U PRO AX6000 Dual Band WiFi 6 Router, WPA3, Parental Control, Adaptive QoS, Port Forwarding, WAN aggregation, lifetime internet security and AiMesh support, Dual 2.5G Port
Wireless Keyboard and Mouse Combo, MARVO 2.4G Ergonomic Wireless Computer Keyboard with Phone Tablet Holder, Silent Mouse with 6 Button, Compatible with MacBook, Windows (Black)
Acer KB272 EBI 27″ IPS Full HD (1920 x 1080) Zero-Frame Gaming Office Monitor | AMD FreeSync Technology | Up to 100Hz Refresh | 1ms (VRB) | Low Blue Light | Tilt | HDMI & VGA Ports,Black
