Yale’s parent company has today bought smart home company August Home, and is promising to combine the strengths of the 2 corporations to ‘create the future of smart residential doors.’
August has created an amazing consumer experience through differentiated features and software. we look forward to the opportunity to draw from the one hundred eighty years of cumulative experience of the Yale team plus the technology experience of the August team to make the future of smart residential doors …
Yale parent Assa Abloy is that the world’s largest lock and access corporations, operating in more than seventy countries, and claims to have been the market leader since 1881.
Assa Abloy says that acquiring the leading provider of smart locks for homes enhances the company’s own expertise in conventional locks and commercial smart locks.
August CEO Jason Johnson said that the partnership was an excellent oppportunity.
We have always admired the design and quality of Yale locks. this can be an excellent opportunity for us to work with the world’s largest lock and access company.
The acquisition is subject to regulatory approval, but is expected to be completed by the end of the year. financial terms aren’t being disclosed.
August upgraded its smart home line-up last month with 2 new smart locks and an updated doorbell cam.
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source:9to5mac.com
