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.