Google To Buy Nest For $3.2B, Validating Connected Home Movement

January 13, 2014

5:30 pm

Google today released an announcement that they will acquire Nest Labs, Inc. for $3.2 billion. Nest is a premier player in the connected home scene, thanks to their learning thermostats and intuitive smoke alarms.

The Nest Learning Thermostat launched in 2011 and has since grown to be a consistent best seller currently available for purchase in retail stores. Their recently launched Protect, the smoke and CO2 alarm, is also quickly growing to fame alongside the thermostat in early adopter markets.

“Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family,” says Google CEO Larry Page. “They’re already delivering amazing products you can buy right now…We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”

The finer details stipulate that Nest will continue to operate under the guidance of Fadell and retain their one-of-a-kind identity. Granted, the deal is still subject to customary closing conditions, but the entire thing is on track to wrap up in the next few months.

“With their [Google’s] 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,” says Fadell.

We wrote about the connected home being one of the biggest trends at CES last week, and this is a perfect example of just how tangible that trend is in the real world. Companies like Google and Nest will hopefully open the trend up to a broader spectrum of people who can implement it into their daily lives.

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Will is a Senior Writer with Tech.Co, based out of America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988

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