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’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!

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