After ditching August, Assa Abloy snaps up another smart lock startup [Verge, The]
ASSA ABLOY UNSP/ADR (ASAZY)
NASDAQ:AMEX Investor Relations:
assaabloy.com/en/com/investors
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Source: Verge, The
What does this mean for the future of your front door? Share this story Smart locks may still be a niche product, but lock behemoth Assa Abloy is clearly betting on a digital future for our doors . Despite being sued by the US Department of Justice for trying to buy too many smart lock manufacturers, the Swedish-based company just bought another one: sleek smart lock maker Level Lock With this latest purchase, Assa Abloy, which owns a staggering 190 brands in the “access control” space, may now have a significant piece of the puzzle it needs to push the market into a digital future. “Their innovative platform provides an easy transition from mechanical locking to digital access solutions with minimal effort,” said Lucas Boselli, executive vice president of Assa Abloy, in a press release Level's technology dispenses with the large, bulky housing common with connected locks. Instead, it integrates everything needed to digitally control and power the lock into the deadbolt mechan
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News
- Assa Abloy partners with Boston Dynamics to let the dogs in [Verge, The]Verge, The
- Boston Dynamics' Spot can now autonomously unlock doors [TechCrunch]TechCrunch
- Level Lock has been acquired. [Verge, The]Verge, The
- ASSA ABLOY acquires Level Lock in the US [Yahoo! Finance]Yahoo! Finance
- ASSA ABLOY AB (publ) (OTCMKTS: ASAZY) was upgraded by analysts at Barclays PLC to a "strong sell" rating.MarketBeat