Google buys 'smart' thermostat maker Nest for $4b
SAN FRANCISCO (AFP) - Google on Monday announced that it is buying smart thermostat start-up Nest in a deal valued at US$3.2 billion (S$4 billion).
"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," Google chief executive Larry Page said in a press release.
"We are excited to bring great experiences to more homes in more countries and fulfill their dreams."
The big-ticket buy continues a move by the California-based Internet titan into consumer electronics hardware, adding smartphone-synched thermostats to its Motorola Mobility smartphones; Nexus mobile devices, Chromecast, and the promise of releasing Google Glass eyewear some time this year.