Google has announced an agreement to buy smart home appliance company Nest Labs, Inc. for $3.2 billion.
Nest’s mission is to reinvent oft-overlooked but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, Nest’s innovative, user-friendly Learning Thermostat has been a consistent best seller — and its recently launched Protect (smoke + CO detector) has received rave reviews.