ASSA ABLOY has completed its acquisition of August Home, the smart locks and smart home access products and services company. 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 of ASSA ABLOY Americas said that he’s excited by what lies ahead for the combined company. “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,” said Molokotos.
“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,” said Martin Huddart, managing director, U.S. and 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.
“Being a part of the ASSA ABLOY residential business strategy, especially alongside Yale locks, is exciting for us,” said Jason Johnson, August Home CEO and founder, who remains as the company’s leader. “The prospect of exploring international opportunities is also attractive.”
Huddart said 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.