Google Acquires Nest for $3.2 Billion

Nest ProtectGoogle is acquiring connected device company Nest for $3.2B. Google sent out an email to employees noting the acquisition on Monday and later issued a press release. In the release, Google noted that Nest has been offering its best-selling thermostat since 2011 and recently began offering the Protect smoke alarm, which networks with its other devices. Nest Founders Tony Fadell and Matt Rogers will both join Google. Rogers was one of the first engineers on the iPhone team at Apple. “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,” said Google CEO Larry Page in a statement. “We are excited to bring great experiences to more homes in more countries and fulfill their dreams!” Fadell, who is known as the ‘father of the iPod’, said that they’re ‘thrilled to join Google’.

Read the full story at TechCrunch.

Share/Bookmark

Author:

Speak Your Mind

*