Google to acquire digital device maker Nest for $3.2B

Google and the internet of things

Gigaom

Google(s goog) announced on Monday that it’s in the process of acquiring Nest Labs, a home-automation company known for its digital thermostats and smoke alarms. The proposed purchase for $3.2 billion, which is to close in coming months, will give the Silicon Valley giant one of the hottest names in energy-management technology and product design, and comes at a time when Google is also expanding its presence in robotics, energy and internet-of-things (IoT) technology.

The search giant announced the news in a blog post:

Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller–and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.

Larry Page, CEO of Google, said: “Nest’s founders, Tony Fadell and Matt Rogers, … [are] already delivering amazing products you…

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