About a month ago, word broke that Samsung was interested in acquiring home automation firm SmartThings and today the two companies have made things official. A blog post by the company’s founder and CEO, Alex Hawkinson acknowledged the deal and stated that SmartThings will continue to act as an independent company under Samsung’s Open Innovation Center group.
“We will continue to run SmartThings the way we always have: by embracing our community of customers, developers, and device makers and championing the creation of the leading open platform for the smart home,” Hawkinson wrote. “Our growing team will remain fully intact and will relocate to a new headquarters in Palo Alto, CA. In short: SmartThings will remain SmartThings.”
If you aren’t familiar with SmartThings, the company develops motion sensors, light switches and power plugs that can be controlled remotely via an Android or iOS device using the outfit’s mobile app. Financial terms of the deal have not been disclosed, however it’s reported that Samsung is acquiring SmartThings for around $200 million.