M&A Deal Summary

LG Acquires Athom

On July 3, 2024, LG acquired information technology company Athom

Acquisition Highlights
  • This is LG’s 2nd transaction in the Information Technology sector.
  • This is LG’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2024-07-03
Target Athom
Sector Information Technology
Buyer(s) LG
Deal Type Add-on Acquisition

Target

Athom

Enschede, Netherlands
Athom is a technology company that sells the smart home hub ‘Homey,’ which connects with home appliances and IoT devices and offers cloud subscription services. Athom was formed in 2014 and is based in Enschede, Netherlands.

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Buyer(S) 1

Buyer

LG

Seoul, South Korea
Category Company
Founded 1958
Sector Electronics
Employees33,730
Revenue 84.23T KRW (2023)
DESCRIPTION
LG office in San Jose, California.
LG office in San Jose, California.

LG is a south korean holding company. Its principal activities include the manufacture of electronics and chemicals. LG was founded in 1958 and is based in Seoul, South Korea.

DEAL STATS #
Overall 5 of 5
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Netherlands) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Bear Robotics

Redwood City, California, United States

Bear Robotics is a startup specializing in AI-driven autonomous service robots. Its Autonomous Mobile Robots (AMRs) for the food service and hospitality field are safe, reliable, and deployed in just a few hours. Bear Robotics is based in Redwood City, California.

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