PROVO, UT – JANUARY 16: In this photo illustration, a Nest smoke/carbon monoxide detector is seen on January 16, 2014 in Provo, Utah. Google bought Nest, a home automation company, for $3.2 billion taking Google further into the home ecosystem. (Photo illustration by George Frey/Getty Images)
Credit: George Frey
Google completed its acquisition of Nest on February 7, it was revealed today in a regulatory filing with the US Securities and Exchange Commission.
The $3.2 billion deal was one of Google’s most high-profile and unexpected buyouts in recent memory, obtaining the hardware company’s portfolio of home automation devices and staff, led by former iPod designer Tony Fadell.
Last month, the ex-Apple visionary described some of the meetings he had with Larry Page and other Google executives prior to the deal’s completion:
“The two-way interchange of what was, for me, intellectual happiness and the stimulation of being able to go back and forth and really create a new world together – and in a different way than either of us had imagined – that was personally exciting to me.”
Reports have suggested that Google will now use Nest to lead its core hardware group moving forward.
Read Next: Nest CEO Tony Fadell vows to make any privacy policy changes transparent and opt-in / The ‘father of the iPod’ explains how his company Nest is using tech to make your home ‘conscious’
➤ 10-K filing (Via Recode)
Image Credit: George Frey/Getty Images
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