Yale Purchases August Home, Deal Expected to Close in Q4 2017

Smart lock company, August Home, has just been acquired by Yale’s parent company, ASSA ABLOY. The company announced in a short press release this week, that it is purchasing August Home but did not mention much in terms of the deal. So it’s unclear how much ASSA ABLOY is spending to acquire August Home. The president and CEO of ASSA ABLOY, Johan Molin, stated that he is “pleased to welcome August into the ASSA ABLOY Group. August constitutes a strategic addition to the group and reinforces our position in the residential smart door market.”

Currently, Yale isn’t a big name in the world of smart locks, but August Home is (as well as Kwikset). And with t…
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