ASSA ABLOY acquires Level Lock, creates new Ambient Property Technologies subsidiary

The Level Lock company and brand have been acquired by ASSA ABLOY, a global leader in access solutions. Level M will now operate as a separate entity under the name Ambient Property Technologies.Level Lock+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. Continue Reading on AppleInsider | Discuss on our Forums