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

by

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.

augustsmartlockpro2

"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.

Top Rated Comments

Xavier Avatar
42 months ago
That knob is HUGE
Score: 5 Votes (Like | Disagree)
duffman9000 Avatar
42 months ago
Does anyone notice sometime wrong with that picture? That window better be of the unbreakable type.
Score: 2 Votes (Like | Disagree)
KazuSnow Avatar
42 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...
Score: 2 Votes (Like | Disagree)
Relentless Power Avatar
42 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.
Score: 1 Votes (Like | Disagree)
RMo Avatar
42 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.)
Score: 1 Votes (Like | Disagree)
az431 Avatar
42 months ago
Based on August’s products, this acquisition can only weaken Assa’s reputation and product line.
Score: 1 Votes (Like | Disagree)

Top Stories

16inchmacbookpromain

Kuo: New MacBook Pro Models to Feature Flat-Edged Design, MagSafe, No Touch Bar and More Ports

Thursday January 14, 2021 9:32 pm PST by
Apple is working on two new MacBook Pro models that will feature significant design changes, well-respected Apple analyst Ming-Chi Kuo said today in a note to investors that was obtained by MacRumors. According to Kuo, Apple is developing two models in 14 and 16-inch size options. The new MacBook Pro machines will feature a flat-edged design, which Kuo describes as "similar to the iPhone 12" ...
iphone x camera close

iOS 14.4 Will Introduce Warning on iPhones With Non-Genuine Cameras

Thursday January 14, 2021 8:07 am PST by
In the second beta of iOS 14.4 seeded to developers and public testers this week, MacRumors contributor Steve Moser has discovered code indicating that Apple will be introducing a new warning on iPhones that have had their camera repaired or replaced with aftermarket components rather than genuine Apple components. "Unable to verify this iPhone has a genuine Apple camera," the message will...
prototype iphone 12 pro

Prototype iPhone 12 Pro Shown Off in Photos

Wednesday January 13, 2021 3:39 pm PST by
Developer Giulio Zompetti, who often shows off prototype versions of Apple devices, today highlighted a prototype version of the iPhone 12 Pro. The iPhone 12 Pro is running an operating system called SwitchBoard, a nonUI version of the iOS 14 update that Apple uses internally. We've seen SwitchBoard on prototype devices before, as Apple uses it to test new features. Zompetti's prototype...
foldable iPhone concept feature

Apple Testing In-Display Fingerprint Sensor for iPhone 13, Foldable iPhone Also in the Works

Friday January 15, 2021 1:46 pm PST by
Apple has started "early work" on an iPhone that has a foldable display, according to a new report from Bloomberg's Mark Gurman. Though testing of a foldable iPhone has begun, Apple has not committed to releasing a device that has a foldable display. Development has not yet expanded beyond a display and Apple does not have full foldable iPhone prototypes in its labs. Like foldable...
Apple TV Ray Light 2 Triad

Apple Extends Free Apple TV+ Trials Until July

Friday January 15, 2021 10:50 am PST by
Apple is once again planning to extend its free Apple TV+ trial subscriptions, this time until July. When Apple TV+ launched in November 2019, Apple offered free Apple TV+ subscriptions to those who purchased a new Apple device in or after September 2019. Those free subscriptions were set to expire in November 2020, but in October 2020, Apple announced that it was extending free trials...
macbook pro 16 inch thunderbolt

Bloomberg: Next-Generation MacBook Pro to Offer Improved Displays, Faster Charging Over MagSafe

Thursday January 14, 2021 11:36 pm PST by
Following today's report from analyst Ming-Chi Kuo outlining major changes for the next-generation MacBook Pro models coming in the third quarter of this year, Bloomberg's Mark Gurman has weighed in with his own report corroborating some of the details but seemingly differing a bit on others. First, Gurman shares more details on the return of MagSafe charging to the MacBook Pro, indicating...
Hue module dimmer switch

Philips Hue Announces New Wall Switch Module, Dimmer Switch, and Outdoor Light Bar

Thursday January 14, 2021 3:11 am PST by
Philips Hue has announced a new wireless dimmer switch module that lets Hue bridge owners directly control the smart lighting from their standard wall switches. The new Philips Hue wall switch module is the ideal addition to any Philips Hue set up. Installed behind existing light switches, it allows users to turn their existing switch into a smart switch and ensures their smart lighting is...
pat gelsinger intel

Incoming Intel CEO Derides Company's Inability to 'Deliver Better Products' Than Apple's M1 Chip

Friday January 15, 2021 6:17 am PST by
Incoming Intel CEO Pat Gelsinger has said that the company must "deliver better products" than Apple, which he described as a "lifestyle company," and says that Intel's best days are "in front of it" (via The Oregonian). Speaking at an Intel all-hands meeting yesterday, Gelsinger derisively implied that Apple is merely a "lifestyle company," so Intel must be able to surpass its technology: ...
mac pro mini feature

Apple Working on Two New Mac Pro Desktops, One of Which Will Be Reminiscent of Power Mac G4 Cube

Friday January 15, 2021 10:23 am PST by
Apple is developing two versions of the Mac Pro to succeed the Mac Pro that was first released in December 2019, according to a new report from Bloomberg. The first updated Mac Pro is a direct successor to the current Mac Pro and it will use the same design. It may also be equipped with Intel processors rather than Apple silicon chips, and it could be one of the sole machines in the Mac...
pioneer carplay wc5700nex

The Best Apple-Related Accessories at CES 2021

Wednesday January 13, 2021 1:16 pm PST by
CES 2021 is taking place digitally this year, and it hasn't been as exciting as in past years because many vendors have opted out. That said, some companies are still showing off some interesting Apple-related accessories that are coming out this year and that will be of interest to Mac, iPad, and iPhone users. Subscribe to the MacRumors YouTube channel for more videos. Pioneer Wireless...