The Level Lock company and brand have been acquired by ASSA ABLOY, a global leader in access solutions, and will operate as an independent subsidiary under the name Ambient Property Technologies.
Fans of Apple HomeKit-compatible products have likely heard of Level Lock thanks to their excellent smart locks. The company has been acquired by ASSA ABLOY, which is responsible for many access points you’ve likely encountered at work or in hotels.
The acquisition is a total takeover that leaves Level Lock as a separate subsidiary. The standalone entity will take on the new name Ambient Property Technologies, which will focus on delivering the next-generation platform to multifamily customers.
“I am very pleased to welcome Level Lock into the ASSA ABLOY Group,” says Nico Delvaux, President and CEO of ASSA ABLOY. “This acquisition is an exciting technological addition to the ASSA ABLOY Group and will provide complementary growth opportunities.”
Level Lock produces smart locks that appear identical to a standard deadbolt packed with technology. The latest Level Lock+ boasts Apple Home Key support and received a perfect score from AppleInsider.
Since this is a total acquisition that won’t eliminate the business or its operations, users should be able to continue using their existing products without interruption or issue.
