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ASSA ABLOY announced its agreement to acquire San Francisco smart-lock company August Home on October 19, 2017; the purchase closed on November 21. The price was not disclosed. The deal was meant to combine August’s connected locks, doorbells and home-delivery access technology with ASSA ABLOY’s lock brands and reach. The ownership story later changed in the United States and Canada, where ASSA ABLOY sold its Smart Residential business to Fortune Brands in 2023.
What ASSA ABLOY announced in 2017
ASSA ABLOY AB, the Sweden-based lock and access-control group, announced a signed agreement to acquire August Home, Inc. on October 19, 2017. August was founded in 2013 and headquartered in San Francisco. The agreement was subject to regulatory approval, and the companies expected the transaction to close in the fourth quarter. ASSA ABLOY said the purchase price was not disclosed and that the acquisition was expected to dilute earnings per share. ASSA ABLOY’s announcement put August’s workforce at approximately 90 employees and projected its 2018 sales at about $60 million, or SEK 500 million; those were forecasts, not the acquisition price.
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What August brought to the deal
August was more than a maker of app-controlled deadbolts. Its consumer products and services addressed the software side of residential access: controlling entry from a phone, managing access for guests or service providers, connecting locks to smart-home systems, and using doorbell cameras. Its August Access technology also explored controlled access for home deliveries. That approach treated a front door as a point for managing services and visitors, not just a place to install a lock. August’s account of the combination described its aim of extending August Access across more ASSA ABLOY locks and smart-door products.
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The two companies brought complementary capabilities. August had a consumer-facing connected-access experience and software; ASSA ABLOY had established lock brands, manufacturing capacity, security expertise and distribution. For a startup, a large incumbent could offer routes to more customers and the operational resources needed to support products at scale. For ASSA ABLOY, August could strengthen its position in residential smart doors and broaden access into connected doorbells and delivery.
#1 Best Overall
- Connect to 2.4GHz WiFi, No Hub Needed：Connect your Philips 4200 Series Wifi Door Lock Deadbolt directly to your home WiFi network—no extra hub or bridge required. Manage your door anytime, anywhere through your smartphone. 𝙉𝙊𝙏𝙀: Please keep the smart lock within 33 ft (10 m) of your Wi-Fi router. Minimize obstacles such as walls, metal objects, and interference sources for a stronger connection.
- App Control with Real-Time Access：Control smart lock remotely via the Philips Home Access App: lock/unlock, manage user codes/fingerprints, check your door lock status, and monitor access history in real time, etc, whether you’re at work or on vacation.
- Voice Assistant Compatible：Hands full? No problem. Use voice commands with Alexa or Google Assistant to lock or check the status of your front door lock set effortlessly.
- Versatile Passcode Options: This Keypad deadbolt supports permanent, one-time, periodic, and recurring PIN codes—perfect for family, guests, housekeepers, or Airbnb use. Easily manage and share access through the app for ultimate convenience and control.
- 0.3S Fingerprint Fast Access：With this fingerprint keyless entry door lock, unlock your door in 0.3 seconds with fast, secure biometric access. Store multiple fingerprints for family and trusted visitors.
That opportunity came with a trade-off. Integration with a global manufacturer could give August reach, but an acquired startup might have less independence or move at a different pace than it had on its own. Contemporary coverage framed the tension as scale and distribution versus startup nimbleness, rather than as a guaranteed outcome. Fortune’s 2017 report also noted August’s prior fundraising; reported funding is not the deal’s valuation or purchase price.
Announcement and closing were different dates
| Date | Event |
|---|---|
| October 19, 2017 | ASSA ABLOY announced the agreement, pending regulatory approval. |
| November 21, 2017 | ASSA ABLOY acquired 100% of August Home, according to its 2018 annual report. |
| December 5, 2017 | The companies publicly announced completion and the start of collaboration, including with Yale. Yale’s announcement used this public date. |
How Yale illustrated the product strategy
The acquisition was not a corporate merger of Yale and August. Rather, the brands and capabilities could be combined in products: Yale hardware paired with August software and app features. Yale later described Assure locks as “Connected by August,” an example of the hardware-and-software approach the deal could support. Yale’s product announcement documents that collaboration. A branded product partnership, however, does not by itself establish who owns every related operation today.
Rank #2
- 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐖𝐚𝐲𝐬 𝐭𝐨 𝐔𝐧𝐥𝐨𝐜𝐤: Unlock the way you want: app, passcode, fingerprint, physical key, or voice via Alexa/Google Assistant. Everyone in the family can choose what works best — convenience meets flexibility. Batteries are not included.
- 𝐔𝐧𝐥𝐨𝐜𝐤 𝐅𝐫𝐨𝐦 𝐀𝐧𝐲𝐰𝐡𝐞𝐫𝐞: Built-in Wi-Fi lets you lock and unlock your door remotely anytime, anywhere from your smartphone — no extra hub needed. Stay connected and in control, even when you’re at work or on vacation. Only support 2.4Ghz network. Keep the router and lock with 65ft for better remote control.
- 𝗩𝗼𝗶𝗰𝗲 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗥𝗲𝗮𝗱𝘆: Pair with Alexa or Google Assistant to unlock or lock with your voice. Great for when your hands are full or you're relaxing at home and still welcome who’s at the door. Note: Please log in to your own Google or Alexa account first before use Voice Control and make sure your network connection is stable.
- 𝗬𝗼𝘂𝗿 𝗙𝗶𝗻𝗴𝗲𝗿𝘀 𝗶𝘀 𝗬𝗼𝘂𝗿 𝗞𝗲𝘆: Just one touch unlocks the door instantly. No need to search for keys — Your fingers is your keys, perfect for busy mornings. Philips wifi lock store multiple prints for easy family access.
- 𝐂𝐨𝐝𝐞 𝐀𝐜𝐜𝐞𝐬𝐬 𝐌𝐚𝐝𝐞 𝐒𝐢𝐦𝐩𝐥𝐞: Create up to 100 custom passcodes for family, friends, or renters. Easily share unlimited one-time or scheduled codes to guests, cleaners, or deliveries— no need to be home to open the door.
What changed in North America in 2023
The 2017 acquisition explains how August came under ASSA ABLOY, but it is not a complete account of current ownership across all markets. On June 20, 2023, ASSA ABLOY completed the sale of its Smart Residential business in the United States and Canada to Fortune Brands. The business had approximately $400 million in sales in 2022. ASSA ABLOY’s closing announcement identifies the geography and scope of the divestiture.
That North American transaction should not be generalized into a claim that all August-related residential operations worldwide changed hands. ASSA ABLOY’s transaction materials distinguish the U.S. and Canadian Smart Residential business from residential businesses outside those markets. Its November 2023 offering circular sets out that geographic distinction. For a specific August or Yale product, ownership of a business segment alone does not confirm current availability, app compatibility or support arrangements.
Rank #3
- Smart User Management: Our smart user management system empowers you to take full, remote control of your property access anytime, anywhere, via KK Home App; Designed with multi-tenant properties in mind, it provides a complete solution for authorizing users, managing their permissions; You can remotely grant access to new users, seamlessly change existing permissions, instantly pause access, or permanently delete it—all with a few taps; To ensure security and transparency, every entry is tracked in detailed activity logs, giving you a clear overview of who accessed your property and when
- 8-in-1 Smart Unlock & Locking: Unlock via fingerprint (Swedish FPC tech), App, authorized access, Fob card, code, code sharing, compatible with Alexa/Google Voice Assistant (* G1 Gateway required), or mechanical key for versatile use; Includes 5 locking methods: Auto lock (set 0–180 seconds directly in the app) + Fingerprint + Any Key + App + Mechanical Key; Ensures your door is always secure, offering unmatched flexibility and convenience
- Self-learning AI Fingerprint Recognition: Unlock your door in a blink with our advanced fingerprint system; Powered by a dedicated on-device AI chip, it verifies and grants access in under 0.2 seconds with 99.99% accuracy; Unlike ordinary locks, our AI continuously learns and refines its recognition patterns with each use, meaning accuracy improves over time; Let the whole family skip keys entirely; For ultimate control, you can add, rename, or delete fingerprints via the app, offering security and flexibility that redefine smart access
- 4 Password Modes & Intelligent Protection: Easily generate and share unlimited remote one-time codes for single use, unlimited remote duration codes for guests or sitters, permanent codes for family, and recurring codes for regular visitors—allowing for custom creation, one-click sharing, and instant deletion; The innovative Anti-Peeping Privacy Code feature lets you disguise your PIN by entering any numbers before or after the correct sequence, effectively preventing password leakage; Plus active intrusion defense that triggers real-time alarms and temporary lockouts on unauthorized attempts; This delivers ultimate access flexibility with complete security peace of mind
- On-Device Security with Proactive Alerts: Your access data — including entry records, user credentials, and fingerprints — is locally AES128 encrypted and stored directly on the lock, eliminating cloud leakage risks and ensuring complete privacy; Receive alerts for all door events and maintain visible, traceable activity logs; Enable “Silent Mode” to mute sounds quietly; When you're away, enable “Away Mode” to restrict access to your master credentials, the app, or physical keys only; This combination of encrypted local storage, smart notifications, and configurable control modes provides security that’s both robust and responsive to your life
Why the deal mattered beyond locks
The acquisition reflected a shift in residential entry from hardware alone toward connected access: software could grant or revoke permissions, and the same system could serve residents, guests, tradespeople or delivery workers. It also showed why a smart-home hardware startup might seek an established manufacturer’s scale and distribution, while a traditional lock company sought consumer software and connected-product expertise. The deal’s strategic importance lay in that broader access platform, not simply in adding another lock model.
Quick Recap
Best Value
- ANYWHERE ACCESS: With built-in WiFi compatibility, you can easily and securely connect your Schlage Encode Deadbolt to your home WiFi network to control and monitor your home from anywhere with the Schlage Home app
- PEACE OF MIND: Lock and unlock from anywhere, manage up to 100 access codes for keyless entry, view lock history, receive customizable notifications and easily manage multiple locks at once - all when paired to the Schlage Home app and connected to a secure WiFi network
- VOICE CONTROL: Works with Alexa and Google Home for optional, hands-free convenience when paired with the Schlage Home app and a voice enabled device
- ADVANCED SECURITY: Secure, encrypted connection; built-in, customizable alarm for door movement and forced entry attempts; fingerprint-resistant touchscreen; certified highest residential Security, Durability and Finish rating by BHMA industry experts
- EASY INSTALL: Install in minutes with just a screwdriver, no hardwiring required; Snap ‘n Stay design helps keep the lock on the door so both hands are free; fits standard doors with 1-3/8 in to 1-3/4 in door thickness and 2-3/8 in or 2-3/4 in backset
Rank #4
- 6 Ways to Unlock: Unlock with a touch for less than 1s with fingerprint lock. You can also open your front door lock via the eufy Security app, using the keypad or physical key, from Apple Watch, or use your voice with Alexa/Google Voice Assistant.
- 8 Months Battery Life: With 8 AA batteries, Smart Lock C220 runs around 8 months. Experience ultimate convenience and peace of mind with our long-lasting power solution. *May vary depending on the frequency of the lock being used.
- Self-learning AI: Fingerprint door lock recognition gets more precise with every touch, so you don't have to try agian and again to get in. Never be awkward or upset at unlocking the door.
- Control from Anywhere with Built-in Wi-Fi: No bridge required, you can control your wifi smart lock from anywhere via the eufy Security app. Easy setup.
- Integrated eufy ecosystem: If you have a eufy doorbell, you can add your wifi door lock to your routines and control devices together for keyless entry within the eufy Security app.
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