Google Buys Nest For $3.2 Billion

Google has announced today that it has agreed to buy Nest Labs, Inc. for $3.2 billion.  Nest is a company that makes seemingly uninteresting home products amazing. The company makes the popular Nest Thermostat which can be controlled using an Android device as well as the Nest Protect which is a smoke alarm.


Google CEO Larry Page said that “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!”

CEO of Nest Tony Fadell also said regarding the acquisition that “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”

Google also announced that it will not integrate the Nest brand into Google services instead the company will operate under the Nest name with CEO Tony Fadell handling the operations. This means that we will be seeing more Nest products coming in the near future with Google integration.

Fadell also said that

“So if things are going so well, why did we decide to partner with Google?”

“Google will help us fully realize our vision of the conscious home and allow us to change the world faster than we ever could if we continued to go it alone. We’ve had great momentum, but this is a rocket ship.”

“Google has the business resources, global scale and platform reach to accelerate Nest growth across hardware, software and services for the home globally. And our company visions are well aligned – we both believe in letting technology do the hard work behind the scenes so people can get on with the things that matter in life. Google is committed to helping Nest make a difference and together, we can help save more energy and keep people safe in their homes.”

“Nest will continue to be Nest, with its own distinct brand identity. We will continue to reimagine and reinvent the unloved products that proliferate in our homes, just as we have since we started. We are simply going to get our products into the hands of people around the world – faster.”

Nest also clarified that it will still be supporting iOS, Android and modern web browsers so consumers can check on their homes and control the temperature from wherever they are.

via google