Locks and Security News: your weekly locks and security industry newsletter
12th May 2021 Issue no. 557
Your industry news - first
We strongly recommend viewing Locks and Security News full size in your web browser. Click our masthead above to visit our website version.
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