Google buys 'smart' thermostat maker Nest for $3.2 billion

Published on: 

Google has announced that it is buying smart thermostat start-up Nest in a deal valued at $3.2 billion.

“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,” Google chief executive larry Page said in a press release.

“We are excited to bring great experiences to more homes in more countries and fulfill their dreams.”

The big-ticket buy continues a move by the California-based Internet titan into consumer electronics hardware, adding smartphone-synched thermostats to its Motorola Mobility smartphones; Nexus mobile devices, and the promise of releasing Google Glass eyewear some time this year.

Daily Pioneer
dailypioneer.com