After installing the appropriate software, the "LGMV Lock Key Driver UPD" device will be managed by Logitech’s services and should disappear from Device Manager as a separate entry.
If your LGMV laptop is managed by an organization, Group Policy may disable the Lenovo Utility. Run gpedit.msc (Pro/Enterprise only) and check: Computer Configuration > Administrative Templates > System > Device Installation > Prevent installation of devices not described by other policy settings lgmv lock key driver upd