Press Release December 01, 2017

Smart Lock Provider August Home Acquired by ASSA ABLOY

The Technology M+A team advised August Home, Inc. in its agreement to be acquired by ASSA ABLOY Inc., a global leader in door-opening solutions and a market leader in most of Europe, North America, South America, China and Oceania. Financial terms of the agreement were not disclosed.
 
August Home is committed to designing products and services that let everyday people monitor and manage entry into their homes from wherever they are. August 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.
   
The Goodwin team was led by partners Lawrence Chu 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.

With over 180 attorneys focused on technology and emerging companies, Goodwin is continuously building on its deep experience in key industry verticals and advising on novel transactions within the hardware, IoT and connected home sectors. In 2016, Goodwin guided Fitbit in its acquisition of assets from Pebble and represented Dropcam in its $555 million sale to Nest in 2014.

For additional details on the acquisition of August Home, please read the press release.