|Bid||176.05 x 0|
|Ask||176.15 x 0|
|Day's Range||175.00 - 177.20|
|52 Week Range||161.20 - 198.40|
|PE Ratio (TTM)||27.49|
|Forward Dividend & Yield||0.34 (1.53%)|
|1y Target Est||185.52|
August Home, the smart lock startup that was acquired by lock giant Assa Abloy in October last year, is stepping up its delivery game. At CES today, the company announced a service it's calling August Access, where retailers can work with August and its partner Deliv to open your front door and bring packages directly into your home when you are not there, if you use a smart lock from August, Emtek or Yale (two other Assa Abloy brands). The service -- launching first in the US -- is getting a new branding today, and a new platform open for business, but it is not completely new: it's an extension of a service August first announced with Walmart in September, just weeks before its acquisition.
Swedish lock maker Assa Abloy completed its acquisition of August Home this week. The deal, first announced back in October, has the U.S.-based smart lock startup rolling into the world’s largest lock maker, though the company says it will continue to operate as a somewhat independent entity under the much bigger brand. “One of the things I liked most about Assa Abloy as a potential buy is they operate like a Berkshire Hathaway as a big holding company,” August CEO Jason Johnson told TechCrunch ahead of the announcement.
This morning, Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands -- announced that it is buying US-based smart lock maker August Home to double down on new technology. Terms of the deal are not being disclosed but we have asked both August and Assa Abloy and will update this post as we learn more. Pending regulatory approvals, Assa Abloy says the acquisition will close in the fourth quarter of 2017.
Shares in Ericsson (ERICb.ST) rose on Thursday after Assa Abloy (ASSAb.ST) said CEO Johan Molin may step down next year, fanning speculation he could be the telecom gear maker's next chairman. Molin, one of Sweden's most highly regarded top executives, told Reuters that he had not been asked to become chairman of Ericsson, but he did not eliminate the idea. It's not on the cards for me, at least not today," Molin told Reuters by phone when asked if he ruled out such a move.
A slew of upbeat updates from European firms helped the region's benchmark index rise on Wednesday and recoup the previous session's sharp losses, with tech stocks enjoying their best day in 10 months and all sectors making gains. Dutch semiconductor equipment maker ASML, up 6 percent, boosted the tech sector. Tech stocks rose 2.2 percent in their best daily performance since September last year, as chipmakers ASM and STMicro followed ASML higher.
A slew of upbeat updates from European firms helped the region's benchmark index rise on Wednesday and recoup some of the previous session's sharp losses, though weakness among construction firms and cyclical ...
A slew of upbeat updates from European firms helped regional indexes rise in early deals on Wednesday and recoup some of the previous session's sharp losses. With almost every sector in positive territory, ...
STOCKHOLM , July 4, 2017 /PRNewswire/ -- ASSA ABLOY has acquired Arjo Systems SAS, a leading provider of physical and digital identity solutions for secure government ID applications. "Arjo is an ...