LG has acquired smart home platform Homey in its bid to expand the ThinQ ecosystem. LG has purchased Athom, the maker of Homey. The corporation will receive 80% of Athom’s shares. There is also a clause in the deal that will allow it to buy the remaining shares within three years.
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Details on the value of the LG-Athom deal have not yet been released, but experts estimate it to be worth $61 million. The connectivity options available to the brand have now expanded. The platform, which runs on webOS, is essentially limited to LG products, but now the ThinQ ecosystem will definitely be expanded. gizmochina.com writes about this.
Homey platform integration allows you to add third-party devices. Homey is an open ecosystem, unlike ThinQ, with multiple connectivity options including Bluetooth, WiFi, ZigBee, Z-Wave, and infrared. Homey Pro will be able to connect to Matter and Thread, and the number of connected devices can be 50,000 at a time.
Experts suggest that LG’s acquisition of Athom will accelerate the natural development of the smart home system. The company also acquired Alphonso some time ago and the brand is likely to continue making other strategic acquisitions as it continues to strengthen its presence in the ecosystem.
We previously wrote that South Korean company LG has launched a service for watching TV channels in Russia.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
