LG acquires Homey smart home platform, set to expand the ThinQ ecosystem
Summary
LG has acquired the Homey smart home platform in its move to expand the ThinQ ecosystem. LG recently acquired Athom, the creator of the Homey and the platform includes a hub, bridge, and an App store. It also includes a clause that could see LG acquiring the rest of the stake within three years. Homey has an open ecosystem, unlike ThinQ with multiple connection options including Bluetooth, WiFi, ZigBee, Z-Wave, and infrared. It is expected that the Athom acquisition by LG will fast-track its natural progression of the AI home to a software-focused platform.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected