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Level Lock has been acquired.
Known for its smart locks that still look like regular ones, Level has been purchased by lock giant Assa Abloy, which will operate it as an independent brand.
Assa Abloy exec Lucas Boselli says:
Their innovative platform provides an easy transition from mechanical locking to digital access solutions with minimal effort.
Meanwhile, the Level M arm that focused on multifamily dwellings is spinning off as Ambient Property Technologies, where CEO Mike Rovito says it’s working on a new app.
Correction: Only Level M is being renamed, while Level Lock will keep its name.
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