Google is moving into ‘things’ and just bought Nest Labs, which makes Protect smoke detectors and Nest learning Thermostat. The payment for the purchase is $3.2 billion cash. Nest will remain an independent company under CEO and co-founder Tony Fadell. Along with him co-founder Matt Rogers will also be moving over to Google.
The transaction has to pass the regular scrutiny of regulators which is expected to complete in a few months.
It is not yet clear how Google sees that strategically as an acquisition but it is definitely an important part of future Google. A combination of Google’s language recognition and Nest home solutions might ensure a strongest Google entry in our homes as of yet.
“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,” Fadell has written in a blog post.
Larry Page, Google’s CEO has given this statement on Nest purchase:
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!
And Tony Fadell has given this statement on the purchase:
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.”