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Yale Locks Parent Company Agrees to Lock Up August Home
Yale Locks parent company, ASSA ABLOY acquires August Home, a leading smart lock manufacturer to help expand their leadership in smart door market.
Press Release:
Today, October 19, 2017, ASSA ABLOY, the parent company of Yale locks, has signed an agreement to acquire August Home, a leading smart lock business in the US. August Home is a leading provider of smart locks as well as smart video doorbells and other smart home access products and services. GearBrain has tested many of August Home's products as well as Yale smart locks. Both make high quality smart locks which are compatible with many of the leading smart home connected hubs, like Samsung SmartThings, Apple HomeKit and Harmony Hub. And, these products are easy to install and will now utilizes August 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 Jason Johnson and Yves Behar, August Home has developed three generations of smart door locks and two generations of video 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," states 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 to be completed during Q4 2017. Financial terms of the agreement are not being disclosed.
The combination of these two smart lock companies will be very good for both the consumer and industry. One of the 5 questions a consumer should ask themselves before buying a smart lock is who makes the smart lock. While many new smart lock manufactures might have good technology, do they have lock experience and a reputation for helping consumers secure they home. This marriage between August Home and ASSA ABLOY combines both and excited to see what they do together to continue to offer consumers the ease-of-use and security they need to today's smart home.
To learn more about August Home, you can visit their website at www.augusthome.com You can also visit GearBrain's review of August Home Products: Review: August Smart Lock, The Easiest Smart Lock to Install, Review: August Video Doorbell Cam, A Powerful Video Doorbell for Today's Smart Home and Review: August Home Keypad, a key companion for August Smart Lock.
To learn more about ASSA ABLOY, you can visit their site at www.assaabloy.com/en/com/ You can also visit GearBrain's review of ASSA ABLOY's Yale Assure Smart Lock (Yale Assure Review: Smart Lock With Easy Access) and Yale Look Door Viewer (Review: Yale's New Smart Peephole, Look Door Viewer.)
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