ASSA ABLOY Inc.’s Acquisition of August Home, Inc.


Goodwin advised August Home, Inc. on the deal

ASSA ABLOY has signed an agreement to acquire August Home, a leading provider of smart locks for smart home access products and services.

With primary focus on the DIY channel, August offers smart locks, which now feature DoorSense™, the first intelligent integrated sensor that tells users if their door is open or closed, and doorbell cameras.

Based in San Francisco, California, founded by tech entrepreneur Jason Johnson and industrial designer Yves Behar, August Home has developed three generations of smart door locks and two generations of digital doorbells, making the company among the industry leaders in technology, partnerships and retail sales.

ASSA ABLOY’s acquisition is subject to regulatory approval and customary closing conditions. The acquisition is expected during Q4 2017. Financial terms of the agreement are not being disclosed.

The Goodwin team was led by partners Lawrence Chu (Picture) and Nathan Hagler and included partners Koray Bulut, Kevin Lam, Alessandra Murata, Andrea Murino and Jason Vollbracht; counsel Todd Hahn and Jacqueline Klosek; and associates Aaron Chan, Daniel Espinoza, Brett Good, Kevin Levy, Kevin Liu and Kyle Pine.

Involved fees earner: Lawrence Chu – Goodwin Procter; Nathan Hagler – Goodwin Procter; Aaron Chan – Goodwin Procter; Daniel Espinoza – Goodwin Procter; Kevin Levy – Goodwin Procter; Koray Bulut – Goodwin Procter; Alessandra Murata – Goodwin Procter; Brett Good – Goodwin Procter; Kevin Lam – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Kevin Liu – Goodwin Procter; Andrea Murino – Goodwin Procter; Todd Hahn – Goodwin Procter; Jason Vollbracht – Goodwin Procter; Kyle Pine – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: August Home, Inc.;

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Author: Ambrogio Visconti