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Swedish lock giant Assa Abloy acquires smart lock maker August Home

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Swedish lock giant Assa Abloy acquires smart lock maker August Home

By Brian Heater,Ingrid Lunden

The smart home market continues to heat up, and the legacy giants do not want to get locked out: quite literally. This morning, Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands — announced that it is buying US-based smart lock maker August Home to double down on new technology. Terms of the deal are not being disclosed but we have asked both August… Read More

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Source:: TechCrunch Gadgets

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