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

According to ACHR News, Samsung said that, with its resources, SmartThings will be able to expand its platform and support even more devices.

The company will continue to operate independently under founder and CEO Alex Hawkinson, and will become part of the Samsung Open Innovation Center (OIC), which is responsible for bringing software and services innovation to Samsung Electronics. SmartThings will move its headquarters from Washington, District of Columbia, to Palo Alto, California.

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