Google acquires Nest Labs
In a rather surprising move Google today confirmed that they have acquired Nest Labs, the startup that was originally founded by iPod creator Tony Fadell. Apparently Google wanted the company so bad they paid more than $3 billion for the company.
Nest has been creating gadgets for the home since 2011, perhaps their biggest product yet is the Nest Thermostat, in October of 2013 they announced the Nest Protect smart smoke detector.
Of the acquisition Larry Page, CEO of Google, said:
“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!”
Tony Fadell, CEO of Nest, said:
“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.”