Add-on Acquisition • Manufacturing

LG Acquires OSO Hotwater

On June 30, 2025, LG acquired manufacturer OSO Hotwater

Acquisition Context

This is LG’s 2nd transaction in the Manufacturing sector.
This is LG’s 1st transaction in Norway.

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M&A Deal Summary
Date	June 30, 2025
Target	OSO Hotwater
Sector	Manufacturing
Buyer(s)	LG
Deal Type	Add-on Acquisition

Target Company

OSO Hotwater

Hokksund, Norway

OSO Hotwater offers a complete range of water heating solutions, including electric water heaters, stainless steel thermal storage systems for heat pumps and boilers, and other advanced water heating technologies. OSO Hotwater is based in Hokksund, Norway.

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Buyer Overview 1

Buyer

LG

Seoul, South Korea

Category	Company
Founded	1958
Sector	Electronics
Employees	33,730
Revenue	87.73T KRW (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	6 of 6
Sector: Manufacturing	2 of 2
Type: Add-on Acquisition	3 of 3
Country: Norway	1 of 1
Year: 2025	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2024-07-03	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.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2024-07-03

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.

Buy

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