Samsung to Acquire SmartThings

Samsung Electronics announced an agreement to acquire SmartThings, an open platform for the smart home. SmartThings will operate independently under its current CEO and become part of the Samsung Open Innovation Center, moving its headquarters to Palo Alto.

“Samsung Electronics Co. Ltd. announced that it has entered into an agreement to acquire SmartThings, a leading open platform for the smart home.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.