LG acquires smart home platform Athom to bring third-party connectivity to its ThinQ ecosytem

Quick Summary:

LG has acquired an 80% stake in Athom, a Dutch smart home company and maker of the Homey smart home hub.

According to LG’s announcement, it will purchase the remaining 20% of Athom within the next three years.

However, the financial terms of the deal were not disclosed.

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Article Details

Author / Journalist: Aisha Malik

Category: Technology

Markets: United StatesAustraliaCanadaIndiaSingapore

Topics: LG Hardware Smart home

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 13:59:09 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 993 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21471872

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