Luxer One debuted its flagship Luxer Lockers product in 2013, originally intended for automating package delivery at apartment buildings.
SACRAMENTO, CALIF. – Luxer One, a leading package locker technology company in the US, has been acquired by ASSA ABLOY, the global leader in locks and controlled access systems.
"We are very pleased to welcome Luxer One into the ASSA ABLOY Group. Luxer One is the market leader in last mile delivery in the US," says Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division. "Luxer One provides us with synergistic opportunities in significant vertical markets."
Luxer One debuted its flagship Luxer Lockers product in 2013, originally intended for automating package delivery at apartment buildings. In a 2018 report published by the National Multifamily Housing Council (NMHC) and Kingsley Research, Luxer One was reported as the multifamily industry's market leader in package lockers, with 27% market share. Today, the company offers a wide range of pickup and delivery solutions for several industry verticals, including residential, retail, office, and university.
"We've come a long way, but we still have so much opportunity ahead of us," explains Arik Levy, founder and CEO of Luxer One. "We've been in search of the right partner to join us in our mission to improve how the world receives goods. ASSA ABLOY has proven to be that perfect fit, with their expansive experience and dedication to product excellence."
Luxer One will join the ASSA ABLOY family of brands, including August, Yale, HID, Medeco, Emtek, Adams Rite, among others.
Luxer One will continue to operate from its Sacramento, California headquarters. The company has 130 employees and will continue hiring in 2019.
"This new relationship with ASSA ABLOY will unlock the potential our team has always been capable of. I'm incredibly proud of what we've accomplished so far, and look forward to the world of possibilities ahead of us," concludes Levy.
For the purposes of this acquisition, PricewaterhouseCoopers Corporate Finance LLC acted as exclusive financial advisor and Goodwin Procter, LLP acted as legal advisor to Luxer One.
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