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TECHNOLOGY GPS Google Acquired The Connected Device Company Nest At A Price Of $3.2 Billion

Google Acquired The Connected Device Company Nest At A Price Of $3.2 Billion

By: globalbm | Feb 3 2014 | 562 words | 2428 hits

Google is announced to acquire the connected device company Nest at a price of $3.2 billion. This piece of news can be taken as a heavy bomb to the smart home field and even building materials. Google sent out an email to state the acquisition today and later issue a press release.

In the release, Google noted that Nest has been devoting itself offering best-selling thermostat in the market since 2011 and recently began offering the Protect smoke alarm, which networks with its other devices.

“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,” said Google CEO Larry Page in a statement. “We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”

Fadell, who is known as the ‘father of the iPod’, said that they’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.”

Nest will continue on as its ‘own brand identity’ and continue to under the leadership of Fadell. The deal hasn’t closed yet as it has to meet regulatory approval.

Nest founders Fadell and Rogers also sent an emailed statement to TechCrunch about why Nest chose to go ahead with the acquisition.

“Google will help us fully realize our vision of the conscious home and allow us to change the world faster than we ever could if we continued to go it alone. We’ve had great momentum, but this is a rocket ship,” Fadell says. “Google has the business resources, global scale and platform reach to accelerate Nest growth across hardware, software and services for the home globally. And our company visions are well aligned – we both believe in letting technology do the hard work behind the scenes so people can get on with the things that matter in life. Google is committed to helping Nest make a difference and together, we can help save more energy and keep people safe in their homes.”Fadell says that this decision was not made in a hasty and foolhardy manner.

The acquisition could also provide a patent boost of sorts of products for Google. Google will likely offer shelter from further suits with its wide range of patents across a variety of technology arenas to Nest. Many new patent products can help to settle problems with infrastructure that have caused failed firmware upgrades, which recently prompted complaints. There’s also bound to be an immediate and visceral reaction to the access that Google will now know when you get home, which rooms you’re in and some more info.

Smart home is working under the operation of Internet. Smart home put various equipments connected with property networking technology (such as sound video equipment, lighting system, curtains control, air conditioning control, security system, digital theater system, and Internet appliances), which can help living space to maintain convenient information exchange to optimize people's lifestyles, help people effectively and enhance the security of domestic life, even for a variety of energy cost savings. This is a good tendency towards the door and window industry or building material industry, indicating that more and more people have put their attention to the home décor and living space. It is predicted that window and door industry will welcome a boost in market.

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