Latest in Gear

Image credit: August Home

Smart lock company August Home purchased by actual lock company Yale

Consolidate, consolidate, consolidate.
513 Shares
Share
Tweet
Share

Sponsored Links

August Home

Smart-lock outfit Yale's parent company is buying August Home, in a move that may consolidate some of the smart lock market. The regulatory bodies involved are expected to approve Sweden-based Assa Abloy's purchase by year's end. "August Home strengthens our residential smart door strategy with complementary smart locks, expansion into video doorbells and comprehensive solutions for home delivery," ASSA's executive vice president Thanasis Molokotos said in a statement.

"We have always admired the design and quality of Yale locks," August CEO Jason Johnson said in a press release. "This is a great opportunity for us to work with the world's largest lock and access company."

While this might be good news for August, customers now have to deal with a potential oligopoly where a few firms control the entire space and innovations therein.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
513 Shares
Share
Tweet
Share

Popular on Engadget

Blizzard may reveal 'Diablo IV' at Blizzcon

Blizzard may reveal 'Diablo IV' at Blizzcon

View
Georgia court rules police need a warrant to get data from your car

Georgia court rules police need a warrant to get data from your car

View
Google adds seasonal Nest doorbell ringers in time for Halloween

Google adds seasonal Nest doorbell ringers in time for Halloween

View
NordVPN admits to 'isolated' server breach in Finland

NordVPN admits to 'isolated' server breach in Finland

View
Mitt Romney has a ridiculous Twitter alias: Pierre Delecto

Mitt Romney has a ridiculous Twitter alias: Pierre Delecto

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr