Google to enter smart home appliance market with Nest Labs acquisition

Tuesday

Jan142014

Tuesday, January 14, 2014 at 6:17PM

From left: Nest Labs co-founder Matt Rogers, Google CEO Larry Page, and Nest Labs co-founder Tony Fadell

Google aims to increase its presence in your home with the planned acquisition of Nest Labs for US$3.2 billion. Nest Labs develops smart thermostats and smoke detectors, signifying a move to enter the app-controlled household gadgets market internationally.

Google CEO Larry Page said in a statement, “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 CEO Tony Fadell said in a blog post the company will retain leadership and brand identity and will still support Apple users.

Source: The Guardian

Nicole Batac |

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