Homey-maker Athom overgenomen door LG

Athom acquired by LG Electronics

ENSCHEDE & SEOUL, July 3 2024 — LG Electronics has acquired an 80% stake in Athom to strengthen LG’s position in the smart home market. The entire Athom team stays in place, and the company’s founders Stefan & Emile will stay on as executives.

With this acquisition, the Homey operating system, connectivity and partnerships that Athom has developed over the past ten years will become available to LG, instantly making LG a leading provider of smart home solutions worldwide.

Homey as a brand will continue to exist. Athom will continue to develop its current products, Homey Cloud and Homey Pro, and keep working on an ever-expanding lineup of new products. Backed by LG’s knowledge and experience in manufacturing, partnerships and worldwide sales, Homey can now grow even faster than before.

Both the founders, Emile Nijssen & Stefan Witkamp, will stay on as executives of Athom, and continue to execute their vision and create a better smart home for everyone.

In the near future, LG will embed Homey technology in its products, bringing Homey’s connectivity & integrations to LG customers. A wide range of LG products will now be able to embed Homey’s operating system and instantly utilize the smart home platform for seamless connectivity and its versatile functionality.

Both companies will work together to create unique product synergies, starting with integrating LG ThinQ-powered Home Appliances with Homey. Collaboration in the field of Energy Management will also bring new and better Home Energy Management solutions to both LG and Homey customers. A deeper integration with

WebOS will empower LG TVs to take an even more central role in the customer’s smart home.

“We were very impressed by the technology, platform and team that Athom has built with Homey. The acquisition of Athom is expected to enhance the value of our core businesses and ultimately serve as a foundation for our smart spaces ecosystem business,” said Jung Ki-hyun, executive vice president and head of LG’s Platform Business Center.

“LG has recently invested heavily in solutions for smart spaces and AI, and we are proud to become part of this innovative, well-performing company”, states Stefan Witkamp, founder and Commercial Director of Athom. “We look forward to working with LG to create better smart home solutions for a growing number of users – through Homey, LG products, or a unique combination of both.”

“We remain committed to making Homey the best smart home platform in the world, fueled by our love for a great user experience and our open approach to smart home. Being part of LG helps us greatly to bring our vision to a larger number of users – both in its current and new ways.”, says Emile Nijssen, founder and Creative Director. “Our customers expect great quality and innovation from us, for existing and new products, and we’re thrilled to keep working on that.”

About Athom

Founded in 2014, Enschede, Netherlands-based Athom is the company behind Homey, one of the leading smart home systems in the world. Homey aims to create better smart homes by pairing powerful hardware products with user-friendly yet versatile software and interfaces. Homey hardware, including the flagship Homey Pro, supports many smart home technologies, including Zigbee, Z-Wave, Matter and Thread. The open Homey operating system hosts 1,000+ integrations, called Homey Apps, in its App Store, of which 280+ are from official partnerships, alongside many apps developed by the Homey community. Homey products are available at most major electronics retailers across Europe, the US and other markets, with broader distribution plans through this acquisition.

About LG Electronics

LG Electronics is a global innovator in technology and consumer electronics, with a presence in almost every country and an international workforce of more than 74,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle Component Solutions and Business Solutions – combined for over 60 billion USD in global revenue in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are globally recognized. Visit www.lgnewsroom.com for the latest news.