Google officially acquires Nest

Ian Hardy

February 12, 2014 9:09am

Google’s acquisition of Nest Labs is now complete. A filing with the Securities and Exchange Commission said the deal officially closed on February 7th “for a total purchase price of $3.2 billion in cash.” Google apparently already had a 12% interest in the company and they believe with Nest “will enhance Google’s suite of products and services and allow Nest to continue to innovate upon devices in the home.”

Nest has two products in-market, the Nest Learning Thermostat and the recently launched Nest Protect Smoke Detector (both available in Canada). There’s no indication of what the next products are, potentially a fridge, light switches or maybe the connected stove. In addition, for now, Nest will operate independently and Google’s Android OS will not appear on its devices. Tony Fadell, Nest CEO, previous stated that Nest will have “its own distinct brand identity.”

Source: SEC
Via: CNet

  • Samuel Gomez Recuero

    Will see how long they will remain distinct. There is no point in acquiring a company if products will not meet or integrate at some point down the line. Google might be looking at fully integrating the software to control all those devices into their android offering or going in comptetion with Samsung for a smart fridge or stove.

    • Stephen B Morris

      But does it really need to run android for it to function? If you can control everything with an app, what would be the need to scrap a good thing just for the sake of it. Google isn’t just android. They are about reaching as many people as possible. I may be wrong but I don’t see a benefit to shoehorn android into everything and spend money unnecessarily just because. You won’t stay rich that way I would think.

    • Samuel Gomez Recuero

      I believe Google wants to enter into the smart home area too. And while the device itself do not need to run Android they just acquire the technology that might send them in the right track. Years ago MS did something similar when they launched a voice game device, the voice part was crap, they ended up acquiring shadow voice back then.

      Sometimes is easier for big corporation to acquire emerging companies with great ideas an technologies rather than re-invent the wheel. Once again MS is a great example.

      Over the years they have either acquire companies that were offering some good stuff that they wanted or those that have better apps than theirs into the MS family.

  • KiwiBri

    so, has anyone got a nest or nest protect? Are they worth it?

    • Ry29

      I have both, and really like them. Having the house go to Auto-Away when I’m not home, and full control from my phone, along with usage. It’s very convenient. The protects are nice as well, as they offer a soft vocal alert if something is wrong, rather than beeping. Just waving at it will hush it. Plus it has a nightlight which turns on when you walk by. That all said, they are on the $ side, but the online service is free (so far).
      I am disappointed to see Google acquire them, as history has shown, it will be altered or dismantled in some shape or form

    • Ry29

      I do hope that is the case…

    • KiwiBri

      Thanks for the reply. Hmm.. maybe I’ll get the “Protect”. Was thinking of a Belkin “wemo” device too..

      btw – Does the Nest Thermostat really save money?

    • Ry29

      I forgot to add, the Protect does wireless interconnect, which is nice for older homes that don’t have the wire interconnect.

      For the Thermostat, I myself haven’t seen a massive savings that others have seen, but it has saved abit. If you aren’t home much, then the savings should be greater. For me, it’s the control, monitoring and convenience.

    • KiwiBri

      Awesome, thanks for the info. Going to look into the Nest a bit more.. maybe a 3rd Generation might come out soon. Probably get the Protect though.
      Maybe they will add an IP camera to the mix soon and for sure they’ll do a WeMo type device.

    • TrainAss

      I’ve had my thermostat for over a year, and have noticed some savings. Like Ry29 mentioned, the auto-away and the remote management are nice. It also will find the current temperature and will operate smartly as well. Plus if you have the Protect, it’s all tied in together. The protects help improve the thermostat’s accuracy (and from going to auto-away when you’re still home). The other nice feature is if the protect detects carbon monoxide, it tells the thermostat to shut off the furnace.

      Protect is offered in both 120v and battery operated models. The wired ones have a battery backup as well, 3 Energizer ultra-long life AA batteries that are easily replaced. The battery operated one is 6 of the same batteries.

      I’ve got 2 so far, one in my kitchen/livingroom area, and one in the basement. I’ll be putting one in the upper floor hallway next, all 120v. And then getting 3 battery ones for each bedroom.

      Sure they’re pricey, but with what they all do, I’d say it’s well worth it.

    • MXH070

      Yes a solid product but now Google has it not sure of the quality in the future.

    • Josh Brown

      Why? What have they made hardware wise that has been crappy?

    • TrainAss

      I hear this a lot “Oh now that google owns $company, it’s dead.” I’m still waiting on some examples of this happening.

      Google =/= Yahoo.

    • Mike

      Motorola?

    • Mike

      I have both, and LOVE them. Works exactly as you would want it to. I’m upset that google bought them, Nest really got it right, and I’m worried Google will ruin it.

  • MXH070

    Now let the data mining begin….

    • Josh Brown

      Fear monger

    • KiwiBri

      google already tracks so much stuff now :)

    • MXH070

      True……but it’s solely the users choice to be a data lamb for Google to slaughter. I choose not to be that lamb and skip everything Google.

    • TrainAss

      So what kind of data will they get? How often a fan is on, or the furnace or AC kicks in? Oh, I know, they’ll know when I adjust my thermostat.

      Relax.

    • MXH070

      Let’s see they will know when your home or away what kind of phone/tablet you have along your router and what Internet provider you use also what other devices you have on your wifi net work. The list goes on and on

      Wake up…

    • TrainAss

      How’s that tinfoil hat?

      You know, I bet that Disqus and MobileSyrup know what browser you’re using, what platform you’re on, your IP address and ISP!

      DEAR GOD! THEY KNOW EVERYTHING!!

      Calm down.

    • Josh Brown

      You must be a Troll. No one can be this dumb. If they want to get that info they can get it from any device connected to the network but how cares.

  • cs098

    looks like google is combing nest with moto’s advance research division, this should be interesting….