Google Acquires Nest For $3.2 Billion

Samsung and LG are probably two companies that are currently in the lead when it comes to home automation. In fact, both companies have showcased their new developments, specifically those involving smart appliances. And now, it looks like Google will be hot on their heels, especially with its new acquisition – Nest.

 

Samsung and LG are probably two companies that are currently in the lead when it comes to home automation. In fact, both companies have showcased their new developments, specifically those involving smart appliances.

And now, it looks like Google will be hot on their heels, especially with its new acquisition – Nest. The company which is based in Palo Alto California was founded by Tony Fadell and Matt Rogers who were former Apple employees and worked on the first iPhone.



 

The company made its name with its first product, the Nest Thermostat that connects to your smartphone and uses user data to program itself and control your home’s air conditioner. It also has a smart smoke and carbon monoxide detector called the Nest Protect which offers consumers the same smart solution as its thermostat.

According to reports, the deal was closed with Google paying around $3.2 billion. Google has also reassured Nest’s customers that the company will continue to provide support to Apple products and that Nest will continue to operate under its own brand.


 

What’s interesting though is what Google will do with Nest’s technology. The most logical guess would be to integrate the many services Google has into future Nest products, but of course there are no details about that yet. Nevertheless, it will really be something to look forward to. What do you think? Share your insights with us by leaving a comment below.

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