Google has announced its acquisition of Nest for $3.2 billion. This is Google’s biggest and most newsworthy acquisition in the Internet of Things / SmartHome space. Perhaps it forebears its intent to integrate data captured from smart sensors into its search results? More likely is the creation of multiple Google Smart Devices that are deeply integrated together through the Android operating system. An exciting possibility indeed!
Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash.
Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller–and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.
See the original press release here.