Locks and Security News: your weekly locks and security industry newsletter
13th December 2017 Issue no. 390
Your industry news - first
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Assa Abloy acquires smart lock maker August Home
The smart home market continues to heat up, and the legacy giants do not want to get locked out: quite literally. This morning (19th October), Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands - announced that it is buying US-based smart lock maker August Home to double down on new technology.
Terms of the deal are not being disclosed but we have asked both August and Assa Abloy and will update this post as we learn more. Pending regulatory approvals, Assa Abloy says the acquisition will close in the fourth quarter of 2017.
25th October 2017