Yale door locks' parent company to buy August Home

Rodiano Bonacci
Ottobre 19, 2017

Yale and ASSA ABLOY might not be on the cutting edge of smart lock technology, but the brand does have almost two centuries of lock-making under its belt.

"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. The best Yale lock we tested was the Yale Real Living Touchscreen Z-Wave Deadbolt, a lock that integrates with multiple home automation platforms, but doesn't have one-touch entry, Bluetooth recognition or NFC (near-field communication) compatibility like some of its competitors (including August).

Smart-lock outfit Yale's parent company is buying August Home, in a move that may consolidate some of the smart lock market. "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".

Founded in 1994, Assa Abloy is among the world's biggest lock manufacturers by revenue, with around $8 billion in sales previous year and 47,000 employees. The acquisition is conditional upon regulatory approval and is expected to close during the fourth quarter of 2017. With the deal expected to be in the books by the time we're into 2018, we should hear about what's next for August Home soon enough, so stay tuned.

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