Google to acquire Nest for $3.2 billion
Nest will continue to operate with current leadership
Google has announced that they will acquire Nest, makers of the popular smart thermostat and smoke alarm systems. In a post in the Investor Relations blog, Google CEO Larry Page says:
Nest devices are popular among tech adopters, and should be a nice addition to Google's plans to make your home (or office) smarter.
The current leadership, under Tony Fadell, will remain and Nest will continue to be their own separate entity. Given the recognition that the brand already has, and its reputation for solid and reliable products, this is the right move in our opinion.
With this acquisition, we expect Nest's mobile applications to become more robust and integrated on both Android and iOS. We look forward to see how this all plays out.
Source: Google Investor Relations
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Jerry is an amateur woodworker and struggling shade tree mechanic. There's nothing he can't take apart, but many things he can't reassemble. You'll find him writing and speaking his loud opinion on Android Central and occasionally on Twitter.