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Smart lock company August Home purchased by actual lock company Yale
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.