Shelly Group is strategically broadening its product categories and expanding into the growth segment of intelligent door locks (smart locks). To achieve this, Shelly has acquired the material assets, including the technology (intellectual property, IP) and the inventory of the Dutch company LOQED B.V. With its expansion into the smart locks product category, Shelly is tapping into a globally growing segment that is set to grow up to 5.8 billion dollars by 2029.
LOQED smart locks are characterized by high-quality stainless-steel hardware with compatibility among a variety of home automation systems. Shelly will integrate LOQED into the company’s product portfolio and Shelly Cloud solutions to further supply customers with a comprehensive smart home experience. For existing LOQED customers, Shelly will continue to operate the LOQED platform as the team works to embed it into Shelly Cloud solutions as part of the upcoming integration.
As a part of this acquisition, Shelly will gain direct access to the contract manufacturer’s plant and to the suppliers of the primary products to ensure seamless optimization.
LOQED smart locks have numerous intelligent functions such as time-controlled opening and closing or access notifications as well as guest links for non-residents to open and close the door via their smartphone. LOQED locks are certified in accordance with EN 1303, EN 15684, and SKG-IKOB-Opleidingen, the leading test institute for the construction sector in the Netherlands and Belgium, as particularly robust and burglar-resistant (3 stars).
For more information, visit https://www.shelly.com/en-us and https://loqed.com/en/.
