Google buys Nest Labs for $3.2bn

Google is looking to expand its horizons even in consumer homes and for the same has bought Nest Labs for $ Nest Labs manufactures smoke detectors and smart thermostats.

It must be mentioned that the consumers will still be able to use their Apple products with the devices as they used to do earlier.Google1

The announcement about acquiring Nest came yesterday – Monday. This means now Google will also be seen even in households where devices are controlled with apps.

The CEO of Google, Larry Page said, “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.” There is hardly any doubt that anything that Google does generally gets a warm response and so did it happen this time around as well.

The Google stock jumped by 0.53% after the announcement was made. The CEO of Nest, Tony Fadell, made his comments on the deal terming this as momentous. He added that the company will retain the current leadership and brand identity. Therefore, there would be no change in ‘Nest’ as it will remain ‘Nest’.

Tony Fadell was actually an employee of Apple some years back. He left the multi-million company and founded his own Nest. Fadell was also in the team at Apple that developed the iPhone and the iPod. In other words, Tony Fadell is also termed as ‘the father of the iPod’.

It was in 2008 that Tony Fadell said goodbye to Apple and founded Nest a couple of years later. There too a former Apple employee Matt Rogers was with him. The buyout will continue to roll over the next few weeks or may be even months. Google believes in having both hardware and software solution and not just design and develop OSes that will be used by other companies.

Post Comment

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.