Smart Lock Maker August Home Acquired by Major Lock Manufacturer Assa Abloy

Smart lock company August Home has been acquired by Swedish lock manufacturer Assa Abloy, the world's largest lock manufacturer by sales volume and owner of Yale and multiple other lock brands. As is customary, the acquisition is "conditional upon regulatory approval," but Assa Abloy mentioned in its press release that it should close sometime during the fourth quarter of 2017. Any further terms of the deal have not yet been disclosed.

According to Assa Abloy executives, the company's interest in August Home comes from its ability to "strengthen" and "reinforce" Assa Abloy's position in the residential smart door market. The acquisition will also fuel the Swedish company's expansion into video doorbells and home delivery solutions.

"I am very pleased to welcome August into the ASSA ABLOY Group. August constitutes a strategic addition to the Group and reinforces our position in the residential smart door market,” says Johan Molin, President and CEO of ASSA ABLOY.

"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.
Speaking with TechCrunch, August Home confirmed that co-founder Jason Johnson will remain CEO of the San Francisco-based company following the acquisition. Additionally, August Home will keep its existing brand, but now operate under the Americas division of Assa Abloy.

The latest product launched by August Home was the $199 Doorbell Cam Pro, which has a full-color HD camera and microphone for two-way audio and one-way video, allowing home owners to see and talk to visitors even when they aren't home. Otherwise, the company is well known for its smart lock devices, most recently including the August Smart Lock Pro that launched in September with HomeKit support.



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15 months ago
That knob is HUGE
Rating: 5 Votes
Avatar
15 months ago

Does anyone notice sometime wrong with that picture? That window better be of the unbreakable type.



No, she just doesn't live in America...
Rating: 2 Votes
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15 months ago
Does anyone notice sometime wrong with that picture? That window better be of the unbreakable type.
Rating: 2 Votes
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15 months ago

No, she just doesn't live in America...

Lol...
Well to those who don’t see the flaw, never place a thumb-turn lock near a window*. It provides almost zero security. Someone can come along, break the glass, and unlock your door.

*made out of glass
Rating: 1 Votes
Avatar
15 months ago

That knob is HUGE


That's why I went with a Kwikset Kevo 2 instead (plus the touch-to-unlock is cool--when it works :/ )
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Now that’s new fangled technology. I have a rear patio door with window (probably glass). To compound the insecurity I have window next to the door that is probably also glass. I had to install a double cylinder deadbolt fml.


If you do that, for the sake of fire safety, have a key hanging someplace obvious, but out-of-arms-length of the door.
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There isn't necessarily any thing wrong with this picture, because It's Called polycarbonate if that's the glass used here. Most homes that have this type of window structure built into the door, is unbreakable. It's the same type of material used in gas stations for surrounding a cashier counter or gun displays.


At least here in the U.S., few, if any, residential doors use polycarbonate rather than glass.

Locks keep honest people out.
Rating: 1 Votes
Avatar
15 months ago

Does anyone notice sometime wrong with that picture? That window better be of the unbreakable type.


There isn't necessarily any thing wrong with this picture, because It's Called polycarbonate if that's the glass used here. Most homes that have this type of window structure built into the door, is unbreakable. It's the same type of material used in gas stations for surrounding a cashier counter or gun displays.
Rating: 1 Votes
Avatar
15 months ago

Seems like a strange item to draw attention to. Aren't they all full-color cameras these days? HD perhaps not, or HD compared to full HD at least.


No. Ring, for example, uses IR to capture imagery at night; the August beams an LED at your guests when it's dark and records in regular color. That's what they mean here. (That being said, I suspect IR works better and would freak out your guests less.)
Rating: 1 Votes
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15 months ago
Based on August’s products, this acquisition can only weaken Assa’s reputation and product line.
Rating: 1 Votes
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