LG Acquires Dutch Startup Athom to Accelerate its AI-Enabled Smart-Home Ecosystem

The story was out for a few days, but now it's officially confirmed that LG Electronics recently acquired an 80 percent stake in Athom, the Dutch smart home company based in Enschede, Netherlands. Known for its Homey smart home platform, the startup was struggling and lacked the scale that LG will provide. The agreement includes plans for LG to acquire the remaining 20 percent within the next three years. LG will maintain Athom as a separate operation, while expanding its own open smart home ecosystems globally.

Athom, a smart home solutions startup, will showcase the all new Homey Pro smart home hub at CES 2023, before introducing it in worldwide retail in 2023. Embedded with eight smart home technologies including Matter, Homey Pro offers a privacy-aware alternative for a better smart home. Now available for pre-order worldwide, the solution combines wireless and smart home devices from over 1000 brands in a unified home network with enhanced speed, privacy and ease of use.