Can Nest employees switch to Google?

Smart Home: Google buys Nest Labs for $ 3.2 billion

Google has announced it will acquire Nest Labs for $ 3.2 billion in cash. Founded by former Apple employees, the company makes smart thermostats and smoke alarms. The current CEO Tony Fadell, who is considered one of the fathers of the iPod, remains in charge. In addition, the start-up is to be continued as an independent company.

Nest thermostat (Image: Nest Labs)

Through the merger with Google, Nest could achieve its goals faster than alone, writes Fadell in a blog entry. "Google has the business resources, global size, and reach to accelerate Nest's growth in hardware, software, and services."

As early as December 2013, the rumor surfaced that Google was testing thermostats connected to the Internet. Fadell has now confirmed that his company has been in contact with Google for three years. A first meeting even took place before Nest was founded almost four years ago.

“They already have amazing products to buy right now - thermostats that can save energy and smoke and carbon monoxide alarms that will help keep your family safe. We're excited to bring great experiences to more households in more countries and to make dreams come true, ”said Google CEO Larry Page in a press release.

Nest co-founder Matt Rogers emphasized that Nest customer data would not be passed on to Google. “Our privacy policy limits our use of customer data to providing and improving Nest products and services. We have always taken data protection very seriously and nothing will change that. ”Nest will continue to support iOS devices.

Google plans to complete the acquisition - the second largest in its history - in the coming months. Before that, it still needs approval from regulatory authorities.

[with material from Daniel Terdiman,]

Google's most expensive company takeovers (source: statista)