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Samsung Ready to Buy Home Automation Firm SmartThings

by Jacob Kleinman | July 16, 2014July 16, 2014 1:00 pm PST

smartthings

Samsung already offers plenty of smart gadgets and appliances to fill your home, but the company is still missing that single platform to unite all the connected devices in your house. It looks like that’s about to change, however, with Samsung reportedly set to buy smart home company SmartThings for around $200 million.

According to TechCrunch the deal still isn’t finalized, but it could give Samsung a way to compete against Apple’s new HomeKit or the home automation platform Google is building up around Nest. Instead of building its own platform for scratch, Samsung can just buy a fully-developed one. The move could help the South Korean company catch up to its competition or even catapult it into the lead.

It’s unclear exactly how Samsung will merge its new acquisition together with its own devices. SmartThings already sells home automation kits for everything from security to energy conservation. Samsung could tweak SmartThings so it only works on the company’s own smartphones, though we’re not so sure consumer want to be locked into a Samsung ecosystem.

TechCrunch

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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