13
Jan
nest

Update: Nest has posted a very helpful Q&A about what will become of Nest after the acquisition, and things like iOS compatibility. Check out the full statement here, and see the pasted Q&A section below. Also, you can red CEO Tony Fadell's statement on Nest's blog, right here.

Will Nest continue to support iOS so I can have the Nest app on my iPhone or iPad?
Yes, absolutely. We’ll continue supporting iOS, Android and modern web browsers so you can check in on your home and control the temperature from wherever you are.

Will Nest and Google products work with each other?
Nest’s product line obviously caught the attention of Google and I’m betting that there’s a lot of cool stuff we could do together, but nothing to share today.

What will happen to the Nest warranties on products?
No change there – we stand behind our products like we always have.

Will I still be able to find Nest products at my local retailer?
You bet. We intend to continue selling through the same partners in the US, Canada and the UK.

Will Nest customer data be shared with Google?
Our privacy policy clearly limits the use of customer information to providing and improving Nest’s products and services. We’ve always taken privacy seriously and this will not change.

When Google's still-in-progress home energy manager EnergySense leaked last month, many wondered just who would partner with the company on the hardware side. After all, Google isn't exactly known for its HVAC prowess. It looks like we just found out: Google has purchased Nest Labs, makers of the critically-acclaimed Nest Thermostat. The price? A cool $3.2 billion, or about 3.2 Instagrams for those of you playing at home.

A press release on Google's investor site details the purchase, including a mention that Google will not merge the Nest brand into the Google product machine. Rather, CEO Tony Fadell will continue to operate the company under the Nest name, which very likely means that there are plenty of Nest-branded products to come. More than anything, the buyout is probably an integration / investment move - Nest's upcoming releases will almost definitely feature deep integration with Google's own services (command your thermostat from Google Now, anyone?), which should make for some pretty exciting possibilities.

Here's the full statement.

MOUNTAIN VIEW, CA – JANUARY 13, 2014 — Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash.

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, have built a tremendous team that we are excited to welcome into the Google family. 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. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”

Tony Fadell, CEO of Nest, said: “We’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 to operate under the leadership of Tony Fadell and with its own distinct brand identity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. It is expected to close in the next few months.

Google

David Ruddock
David's phone is whatever is currently sitting on his desk. He is an avid writer, and enjoys playing devil's advocate in editorials, and reviewing the latest phones and gadgets. He also doesn't usually write such boring sentences.

  • Jdban

    "OK Google, turn up the heat by three degrees"

    Come on, make this a supported command

    • http://www.androidpolice.com/ Artem Russakovskii

      AP's internal chat took it a step further upon hearing the announcement:

      "Eric Ravenscraft has just adjusted his living room temperature to 70 degrees."
      "Michael Crider +1's this."
      "Liam Spradlin Reshared your post"

      • jamesfuston

        Nest would like access to your G+ profile: allow?

      • Tomáš Petrík

        Now it's just missing a selfie with a thermostat.

      • sssgadget

        "Eric Ravenscraft has just adjusted his living room temperature to 70 degrees."
        "Michael Crider adjusted it to 75."
        "Liam Spradlin said it's too cold so he adjusted to 80"

      • Tim Norris

        Temperature is now 71 degrees.

        (or am I the only one who thought of the +1 as a temperature control).

      • http://mrmcpowned.com mrmcpowned

        Holy crap, what I joked about before might become true...

    • mustbepbs

      You can already do that with apps available in the Play Store like Tasker.

      • Jdban

        I wouldn't consider that supported though if you have to use custom tasker script + xposed module requiring root.

        • mustbepbs

          True. It's still cool, though :D

          • Jdban

            Oh yeah, very. IfI was fiddling with tasker and stuff, I'd have it recognize "Ok Google, I'm fucking cold"

            And I'd make it reply, "Its okay, I'll warm you up baby"

          • mustbepbs

            I actually heard that in the Google Now voice.

    • jamesfuston

      I'm very excited about this considering the contextual aspect of Google Now voice commands.
      "OK Google, what's the temperature inside?"
      'It's currently 68 degrees inside'
      "OK Google, raise it 5 degrees."

  • http://www.binarytuberculosis.com BinaryTB

    Personally, even as a Google fan, I hope the only affect Google has on Nest is lower prices on their products.

    • epps720

      and some extra R&D money

  • Captain Canada

    Google's pursuit of the "Internet of Things" continues...I guess we won't be seeing Nest products in Apple stores anymore? This is a good move for Google.

    • http://www.androidpolice.com/ David Ruddock

      I'd guess Apple probably won't like that, so yeah. Though I'd see no reason for Nest to stop producing iOS-compatible products. Edit: they just confirmed iOS compatibility will continue.

      • mustbepbs

        They'll just make the iThermostat.

        • IronPlumber

          And sue Nest for patent infringement.

      • Matthew Fry

        If Apple had acquired Nest, Android support would die. That's the difference between a company that wants everyone to be their customer irrespective of device preference and a company that wants to entangle you so much into their ecosystem that it would be painful to leave.

  • Nick

    All Google, everything.

  • yodatom10

    Next.... The google door unlock-er

    • http://www.androidpolice.com/ Artem Russakovskii

      After that, if you're not using 2-factor auth, you're pretty much screwed.

      In fact, are you not using it today? Do it. Right now. http://www.google.com/landing/2step/

      • Deeco

        Just set it up after your advice. Disabled it 2 years ago as it was too much hassle.

        • Brendan Dillon

          I disabled it a while back as well. Then I left my phone on the counter of a 7-11. Two step forever now.

    • DRed

      Time to buy Lockitron

      • Danny Lewis

        Apigy has yet to demonstrate that they are a company worth buying. They still haven't even shipped all their Lockitrons to their backers yet. Yes, it has been well over a year.

  • wicketr

    Can't wait to get my Google Plus updates on my thermostat.

    • mustbepbs

      *Thermostat requires Google+ sign in

      **Thermostat "suggests" temperatures based on the tastes of people you don't know

  • Vetal

    I am getting paranoid

  • hhh

    I'm gonna root my NEST install CWM recovery flash a custom kernel and a custom ROM :)).

    • Fatal1ty_93_RUS

      TermagenMod?

  • Dan Hibiki

    The AI is done having meat bags touch it's thermostat. Ambient temperature
    will now be set to -15C in all dwellings.

  • Mn_1

    3.2 billion for a 2 years old thermostat company??

    Google has definitly too much money to spend...

    • Adam Watts

      Agreed. That seems wildly overpriced.
      I own 2 nests and love them. But this seems silly.

    • Brian W

      Got to sell a lot of $500 thermostats to get your $3.2B back. I think this is more of a patent play than an interest in thermostats and smoke detectors in particular. Maybe some talent and customer acquisition as well. It obviously is not because they think they are going to make billions selling consumer thermostats that most of the world cannot afford. Heck, most places don't even have centralized HVAC.

      • CoreRooted

        Actually, were Google to partner with some of the big name home builders (or even better, commercial builders), they could recoup that 3.2 billion pretty quickly. Putting Nest & EnergySense in right when the house is built (and adding an additional $500 or $1,000 on top of the total cost of the house, if not more) could easily get them their ROI.

        • Mike Reid

          Hmm.

          I need SOME kind of theory to explain why a thermostat company might be worth billions. And yours is the best I can see right now.

          Hmm. Our cars will be Google driven and controlled. And our houses too. Hmmm.

          World domination. Pinky time when you say "3 Billion Dollars..." http://www.youtube.com/watch?v=jTmXHvGZiSY

      • Jim_in_Denver

        It was a patent and technology investment. Google is looking to move into Home Automation - this is a good first step.

  • live2ski

    cool! maybe now Google will drop the price to $29

  • aaron cooper

    Is Nest even worth that much ?

  • Roger Siegenthaler

    Wasn't google already a key-investor for Nest with google ventures?

    http://www.gv.com/portfolio/ yeah, that just changed to aquired by google :)

  • Guest

    They are buying every thing, from robot manufacturing companies to home appliances. See what they have in stored.... bit.ly/Googlerobots

  • oweniverson

    "Google isn't exactly known for its HVAC prowess"

    really? i thought they had some pretty innovative solutions and a pledge to be completely renewable by something like 2020

  • meelyg

    Is anyone else alarmed that in the last 5 years purchase prices of these tech startups has jumped from millions to billions?

  • Matthew Fry

    "We’re thrilled to get 3.2 billion join Google."

  • Jakst

    It's probably a good move to keep the Nest brand, lots of people would be creeped out by knowing Google controlled their house

  • black

    "Ok Google, how's the weather in my living room?"
    "It's 70 degrees and clear."

    :D

  • a

    "Will Nest customer data be shared with Google?"
    YES.

  • http://blog.tonysarju.com/ Tony Sarju

    Interesting news. I just installed a smart thermostat in my new house about two weeks ago. After a lot of research I decided to go with the Honeywell Smart WiFi thermostat over the Nest due to a few reasons. I doubt the flaws of the Nest would be addressed this year or any better functionality will be debuted with Google's influence so I'd say my decision to go with the Honeywell still wins.

  • http://the-jade-domain.com Jaime J. Denizard

    @rdr0b11:disqus: you missed a letter, my friend:
    "Also, you can red CEO Tony Fadell's statement on Nest's blog, right here."

  • perfectinvesting

    Vip Investment Club - 100% Hourly For 72 Hours
    Please review investment plans and deposit any amounts which you want to invest with us.
    Deposit Amount Interest Investment Durationx
    $300 - $5000 40% Hourly 72 Hours
    $5001 - $20000 70% Hourly 72 Hours
    $20001 - $250000 100% Hourly 72 Hours

    Invest Here
    http://www.vipinvestment.net

    Investment Program
    http://www.payinghyiponline.com/vipinvestment.html