Confirming the reports and talks about the deal, the American internet corporation Google Inc. finally announced its agreement with Nest Labs, a popular American brand, manufacturing smart thermostats, smoke-detectors, carbon-monoxide detectors and few other consumers' home-appliances. The deal is going to be Google's second biggest deal, the first one being the acquisition of Motorola in 2012 at $12.5 Billion.
Nest Labs was founded in the year 2010 by two ex-engineers at Apple, Tony Fadell and Matt Rogers. The first product made was a Learning Thermostat, a programmable, Wi-Fi enabled electronic device optimizing heating & cooling at homes and offices to conserve electricity. In the concluding quarter of the last year, it introduced its Nest Protect Smoke Detector and a carbon-monoxide detector.
On one hand, Google's planning to elevate its operations in Home services, data internet check-up and slicing out few personal and ongoing activities, searches and history for battery output in the future, Nest Labs believes the partnership will favour its product & popularity and may make a chance of new endeavours very soon.
(Larry Page, CEO, Google)
“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!”,says Larry Page, Co-founder & CEO of Google.
Concluding the announcement, the users of Nest products are in surprise and there's a good change in the stock values of Google Inc.
Further infromation: Nest-blog & Google:Investors.
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