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Three smart home M&A deals come as Lowe’s throws in towel

US home improvement chain Lowe’s has announced that it is quitting the smart home game and is looking to offload its Iris platform to a buyer. In the coming months, we expect to add Iris to our list of M&A activity; a list that was bolstered by three such deals recently, involving Apple, Aviva, and Legrand. There had been something of a slowdown in the smart home sector recently, with many smaller brands struggling to align themselves to the emerging dominance of Amazon and Google. To this end, many firms have been focusing on ensuring that their devices play nicely with one or both ecosystems, which has been a good thing to see – as these giants have effectively killed…

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