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Google buys home automation company Nest for $3.2 billion

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Google buys home automation company Nest for $3.2 billion

Google has acquired connected device company Nest for $3.2B. Google sent out an email to employees noting the acquisition today 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.

“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!”

Techcrunch

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