fbpx
28.3 C
Sydney
Wednesday, February 28, 2024

Buy now

  • ID500014-HID-INTERCOM-26.02.2024-728x90
  • HikVision ANPR
  • HID
HomeSecurityAccess ControlASSA ABLOY Acquires Smart Lock Manufacturer, August Home

ASSA ABLOY Acquires Smart Lock Manufacturer, August Home

28.3 C
Sydney
30 C
Brisbane
32.1 C
Canberra
18 C
Melbourne

RECOMMENDED

WEATHER

Sydney
broken clouds
27.4 ° C
29.7 °
25.4 °
72 %
10.3kmh
75 %
Wed
26 °
Thu
34 °
Fri
26 °
Sat
23 °
Sun
23 °

Latest Articles

STAY CONNECTED

2,469FansLike
1,357FollowersFollow
0FollowersFollow

ASSA ABLOY has signed an agreement to acquire August Home, a leading provider of smart locks for smart home access products and services.

With primary focus on the DIY channel, August offers smart locks, which now feature DoorSense, the first intelligent integrated sensor that tells users if their door is open or closed, and doorbell cameras.

“August Home strengthens our residential smart door strategy with complementary smart locks, expansion into video doorbells and comprehensive solutions for home delivery,” says Thanasis Molokotos, executive vice president of ASSA ABLOY and head of the Americas division.

Based in San Francisco, California, founded by tech entrepreneur Jason Johnson and industrial designer, Yves Behar, August Home has developed 3 generations of smart door locks and 2 generations of digital doorbells, making the company among the industry leaders in technology, partnerships and retail sales.

“August has created a fantastic consumer experience through differentiated features and software,” said Molokotos. 

“We look forward to the opportunity to draw from the 180 years of cumulative experience of the Yale team plus the technology expertise of the August team to create the future of smart residential doors.”

“We have always admired the design and quality of Yale locks,” said Jason Johnson, CEO of August, “This is a great opportunity for us to work with the world’s largest lock and access company."

ASSA ABLOY’s acquisition is subject to regulatory approval and customary closing conditions. The acquisition is expected during Q4 2017. Financial terms of the agreement are not being disclosed. ♦

Sage Signature 112

AUTHOR

SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

LEAVE A REPLY

Please enter your comment!
Please enter your name here