Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Google Moves Into Home HVAC/Home Automation with Nest Acquisition
Jan 27, 2014
 Printable format
 Email this Article
 Search

Google agreed to buy Nest Labs, Inc. for $3.2 billion in cash, maker of programmable thermostats and smoke/carbon monoxide (CO) alarms.

Nest says its mission is to reinvent "unloved" home products. The company launched in 2011 with the Nest Learning Thermostat, which can be controlled from a smartphone, and is designed to "learn" the homeowner's schedule and adjust HVAC operation accordingly.

In October of 2013 the company launched the Protect smoke and CO alarm. The unit decreases nuisance alarms, such as those caused by wok cooking, by providing an early warning. An alarm on the unit will alert the user's smartphone.

The smoke/CO alarm interfaces with the company's thermostat. If a CO alert is sensed the unit will turn off the gas furnace, which is a possible source of a CO leak. Activity sensors can improve the Auto-Away feature of the thermostat.

"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," said Google CEO Larry Page. "We are excited to bring great experiences to more homes in more countries.”

“With (Google's) 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," said
Nest CEO Tony Fadell.

Nest will continue to operate under Fadell and will retain its distinct brand identity. The transaction is expected to close in a few months.

Back to Daily News

 

Daily News

...........................................................

May 22, 2014: Affluent Consumers' Confidence Drops

May 21, 2014: Companies Must Apply for European HFC Quotas by July 1

May 21, 2014: New Game Consoles Energy Use Costs $400 Million/Year in Standby Mode

May 21, 2014: Whirlpool Tops Customer Experience Rating Survey

May 16, 2014: Fagor-Equipped Restaurants Among World's Best

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows