nest thermostat

Google buys Nest Labs for $3.2 billion in cash

Today, Google announced that is has purchased Nest Labs (maker of the Nest Learning Thermostat and Protect smoke/CO2 detector) for $3.2 billion in cash, pending regulatory approval.

Google CEO Larry Page said:

Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re already delivering amazing products you can buy right now–thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!

Google has been an early supporter of Nest, providing millions of dollars in funding as they often do to up and coming start-ups that they believe in.

Google has stated that Nest will still operate as an independent company.

So, what can Google do with Nest? There can only be guesses now, but a “smart-home” powered by Google could be a pretty amazing sight to behold. Control of many house functions by just tying different devices in the home to your Google account?

We will have to wait and see what becomes of this, but for the near future there probably won’t be many drastic changes to what we see come out of Nest.

Source: Google

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