Trends
LG acquires Athom to boost AI smart homes
LG acquires 80% of Athom to enhance AI-driven smart home solutions, with plans to buy the remaining 20% within three years.
Headline
LG acquires 80% of Athom to enhance AI-driven smart home solutions, with plans to buy the remaining 20% within three years.
Context
OUR TAKE LG’s acquisition of Athom signals a significant shift in the smart home industry. By integrating AI to create personalised environments, LG aims to lead the experience economy and transform homes into intelligent, responsive spaces. This strategic move has the potential to redefine consumer expectations and set new industry standards. –Jasmine Zhang, BTW reporter LG has acquired an 80% stake in Athom , a Netherlands-based smart home platform company, and plans to purchase the remaining 20% within three years. Announced on Wednesday, this acquisition aims to integrate Athom’s connectivity capabilities with LG’s AI-enabled ThinQ platform, creating personalised AI home environments. Jung Ki-hyun, LG’s executive vice president, stated that the acquisition is pivotal for LG’s AI home business and will expand their ecosystem and integration services.
Evidence
Pending intelligence enrichment.
Analysis
Founded in 2014, Athom is known for its smart home hub “Homey”, which connects over 50,000 devices and supports various connection methods. The Homey App Store offers around 1,000 applications for home device control. LG will leverage this acquisition to enhance third-party device integration and personalised services while Athom continues to operate independently. This aligns with LG’s strategy to transition from hardware to software-based platforms, aiming to become a “Smart Life Solution Company”. The global smart home market is projected to grow significantly, reaching $260.24 billion by 2028. Also read: IoT market: $1.1 trillion by 2026 Also read: NB-IoT and LoRa dominate the LPWAN IoT market
Key Points
- LG acquires 80% of Athom to enhance AI-driven smart home solutions, with plans to buy the remaining 20% within three years.
- The acquisition supports LG’s transition to a software-based platform, aiming to create personalised AI home environments and expand their ecosystem.
Actions
Pending intelligence enrichment.
