Assa Abloy Acquires August

Author: IPVM Team, Published on Oct 25, 2017

The mega access control manufacturer, Assa Abbloy, has acquired one of the most well funded access control startups, smart lock manufacturer August.

This comes just months after August raised $25 million from VC firms.

Inside, we analyze the acquisition, looking at revenue, market valuation, potential fit with Assa Abbloy and how this might impact Assa Abloy's presence in the consumer/smart home market where the door controls giant has generally been weak.

*** **** ****** ******* ************, **** ******,*** *********** ** *** **** **** ****** ****** ******* ********, ***** lock ******************.

**** ***** **** ****** ***** ****** ****** $** ******* **** VC *****.

******, ** ******* *** ***********, ******* ** *******, ****** *********, potential *** **** **** ****** *** *** **** ***** ****** Assa *****'* ******** ** *** ********/***** **** ****** ***** *** door ******** ***** *** ********* **** ****.

[***************]

August ***********

**** *****'* ****** ***************** *** ******* ** *** *****. ** ******** *** ***** on *** *****, ****** ** ****** **** *** *********** **** dilutw **** *****'* ********, ****** *** ** ****** ***** ************, common *** *******-****** ******** ** ***** *****.

**** ***** ********** *** ***********'* ******* ** ***** *********** ********:

****** **** *********** *** *********** ***** **** ******** **** ************* smart *****, ********* **** ***** ********* *** ************* ********* *** home ********

*** *********** ******** ** ****** ** ***** ********* ** ****, which ****** *********** ** **** ***** ** ****, *** ***** **** *** * ***** **** ********, ** has *** *** **** ******* ** *** *** ******* ***** August *** **** * ****** ********** ** ***** ******** ******.

*** *********** ** ******** ** ***** ****** *** *** ** 2017, ******* *********, ***** ** ** *** ********** ********* *** deal.

August ******* *********

** ******** ****** **** ******** **** ** ** *** $** - $*** *** *****. ** ***** *******, **** ***** ****** August's **** ******* *********** ** ****** $***. ***** **** ****** may ***** **********, ** ********* **** *** **** **** ******'* current **** *******, ***** ***** ** **** ****** ** ******* with * ******** ********, ** *** *********. ******* ** ****, August ******** ***% ****** ********, ***** ** **** ***** *** 2017 ******* ************* ****.

Factors ********* *********

** ******** **** ***** **** * *** ******* ******* *** August. ****** *** *** ***** **** ******* ****** ********* ***** look ***, *** ***** ********** ** ********* ** **** ****** out *** **** *******, ******* ** **** ** *** "**** bets", ****** ** ******** **** ***** **** **** *** ****** for ******** ****. ********* $*** ******* ************** *** ******* *** ****** **** ** ******* ********** *** a *****. ************, ****** *** ********** ********** *** ***** ******, as *********/*** ******** ******** ** **** ********* *** ********** **** the ******, *** ****** ******** **** **** **** ******** *** competitively ******.

August **********

****** *** ** ***** ******* **** *** ******** ***** **** market, **** * ****** ******** ** *** **** * *********** deadbolt **** * ***** ****, * **** ****** **** **** it **** *** ********* ** *** ***** **** ************ ** their ******** **** ***** ******* ****** ** **** *** **********, change ****, ***.

***** ** *** *** ****** *** ****** ****, ****** ******** was ********* ******** ** ********** *******, *** ******* ********** ****** ***** (*.*.:*-***,*****,** ***).

*** ******* *** ************* ***** **** ************, ***** ***** ****** *** *********, ******** ***** ******, ****** penetration, *** ***** *********.

Competitive ********

******'* ***** *** ***** ********** ********* ***** **** ********* ************** *******, **** ***** ****-***** ****** ** *** ******** **** market. ***** ***** **** ******** ***************** *********, ** ** *** **** ******, ****** **********. **** **** ****** *** ** *** *** viable ***** **** ********* *** ******* **** ** * ***** organization.

August ********, **** ** ******

********* ** ********** **** **** *****, ****** **** ******** ** operate ***** *** *********** *****, **** *** *** ********* ** control ** *** ****** ********/******* ***** *** ***********.

Expands **** ***** ******** ********

****** ***** **** ***** * ****** ******** ** *** ********/*** space, ***** **** **** *** ****** ********. ***** ***** **** products ********* **** ***** ****, ***** ****** *********** ** ****, **** **** **** ******** ** ************ **********. **** ***** will **** **** ** ******** ** *** ***** ******** ****** with******'* ****** ************** **** ********. ** ****** ****** ** ****** ********-*******, *** not ****** **** ** **** *****'* ********** *********, ****** **** will ****** ****** **** ** **** *****'* ********* ** ***** Yale *******, ******* ** *** ******* *** ******.

Downside *** ******

**** *** **** ******, ****** **** ** **** ***** * hot ******* ****** ******* ** * ******* *****, ** ******** the ******** ******** **** ** ** $** ****** ************. ************ are ***** **********, *** *** ** **** ** **** *** acquisition ******, *** *** ********, **** ******* *********** ** **** and *******. ********* ** ****** *** ****** *** * ******* culture *** **** ** ********** ******** ******** **** ** * very ***** ************, ***** ***** **** ** *** ****** ******* the *******, ****** *** ******* *********** ** ****** **** **** Abloy **** *********.

Outlook *** *** ********* ********

***** *** ******* ***** *** ******** ******** ** ******* ****, IPVM ******* **** ** ** **** **** ********** *** *** smartlocks ************.

***** * **** ** ******** **** ******** *** ********** ** new ********* ********,*********,****,****,*****, *****, ****, *** **** ***** ******, *** ******* ***** for ********** *** ******* *** ** *** ******** ** ************ growth *** ******* ** *&* ****** **** *** ******.

Impact ** ***** ****/**** ******* *******

****** *** *** ** *** *** ****** *********** ***** **** products **** **** ***** *** * ******* **** **** ***** to ***. **** *********** ***** ******** *** ***** **** ****** in *******, *** *** ***** **** *** *** *** ***** startups, ****** ** **** **** **** ** *** ******** ** would ****** ********** ***, ***** ** *** ******* ******** *****.

**** *****'* ******** ******** ** *** ***/*********** ****** *** **** drive ****** ** ******** ******** ****, ** ***** ******* *********** in ********, ****** ** ***** ***** ******* ********* *** *********** help ***** *** ******** ** ***** *****.

**** ***** ***** ******'* ******** ***** ******** ** * ****** that ********** ***** ****** ** ******* *** *******. ** *** August ***** ******** ** ********** **** ***** **** ** ******* or ******* ****** ********* **** ****, *** ********* ~$*** ******* ** *******, *********, ******* *** ********** ** *** ***** ******** ******* ** compete **** ******/**** *****.

** ******'* ***** ******** **** *** **** ** ** ************, it ** ******** **** ***** ***** **** *** ** *********** in **** ******* ** ****.

*******, ** ***** ****** ** *** **** ************* ** ***** lock, ***** ********, *********** ******, *** **** ****** ********* ** larger ******* ** *** ******** ***** ** **** ******* ********* to **** *** **** ********** ***** **********.

Comments (2)

* ****** ******* **** **** *** **** -- ** ***** HUGE ** *** **** ** * ********* ****.

*** **** ******** ** *** ***** **** ***** *****, *** feels ******* *** ***** ** ***.

* ***** **** *** ** * *****, ** **** **** pretty ***** ** *** **** ** *** ****. *** **** also ***** ** ** ********* **** **** ** ******* ** Kwikset ***'* ****: ** *** *******, *** **** ***** **** nothing ** *********.

**** ** ********* *** *** ****** ******. ****'** ***** ** at * ******, ******* *********** **** ******. ** *** **** one ** *** ***** ******** ******** ** **** ** ***** stores. **** ****** ** **** ****** ********* **** **** ******, so ***** **** ** **** **** * ***** ******* ** styles ** ******** *** ******** **** ** **********. * ***'* mind *** **** ** **** ** *** ***** ******** *****, like **** ******** **** ** ******* ******, *** * ***'* prefer **** ** **** ** *** **** ******, ********** ***** of ********.

**** ** ******** * ************ **** ***** ****** *** * have **** ********** *** ***** *** *** **** ******* ****** or ******, ** *'** **** ****** ** **** ********* *** a ********* ***** ** *** **** *** ********** *** ****** needs * ****.

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