Assa Abloy has acquired San Francisco-based August Home Inc, a provider of smart locks and smart home access products and services. No financial terms were disclosed. August Home’s backers included Qualcomm Ventures, Maveron, Comcast Ventures, SPDG and Bessemer Venture Partners, according to Crunchbase.
New Haven, CT, December 5, 2017 – ASSA ABLOY is pleased to announce that it has completed its acquisition of August Home, Inc., a leading provider of smart locks and smart home access products and services.
As previously announced, August Home strengthens ASSA ABLOY’s residential smart door strategy with complementary smart locks, expansion into video doorbells and comprehensive solutions for home delivery.
Thanasis Molokotos, President, ASSA ABLOY Americas notes, “I’m excited by what lies ahead for us. August’s development skills and customer experience excellence combined with our locking platform expertise allows us to move closer towards our goal of being the leading smart door and home access provider in the market.”
“What the August team built in delivery, doorbells and smart locks really complements what the Yale Residential team built in connected locks and digital door viewers,” says Martin Huddart, Managing Director of ASSA ABLOY Americas’ US & Canadian Residential and August Group. The company sees opportunities to leverage the strengths of the two teams and already have a project underway to bring the August Access technology to the Yale lock platforms and see many more product opportunities in the future.
Additionally, the two brands will explore collaborative sales opportunities such as the addition of delivery solutions to existing multi-family access solutions; international channel expansion for August; and shared customer opportunities in the retail and professionally installed channels like security and vacation rental.
August Home CEO and Founder, Jason Johnson who remains as the company’s leader adds, “Being a part of the ASSA ABLOY residential business strategy, especially alongside Yale locks, is exciting for us. The prospect of exploring international opportunities is also attractive.”
Huddart adds that the August and Yale teams are looking forward to collaborating closely to chart the path to ongoing success in the evolving smart door marketplace.
About August Home, Inc.
At August Home we are all about secure, smart access. Our products and services give consumers total control over the front door from a smartphone. Ranked number three on the Wall Street Journal’s 25 Top Tech Companies to Watch, August is headquartered in San Francisco, California.
About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end‑user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 47,000 employees, operations in more than 70 countries and sales of SEK 71 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.