Back again in 2014, Google bought Nest — the components business guiding matters like the Nest Cam and the Nest thermostat — for about $three.two billion. At the time, Google opted to preserve Nest functioning as its individual unbiased operation.
Would seem that is about to improve.
Google’s head of components Rick Osterloh declared this afternoon that Nest will “join forces” with Google’s components crew. In other phrases, they are rolling Nest underneath the Google/Alphabet umbrella just after all.
A rep from Nest tells us that the Nest model will continue on within just Google, living on together with the Google House model. They also confirmed that Nest CEO Marwan Fawaz will now report to Rick Osterloh, and that the business does not “anticipate any sizeable position reductions” (in other phrases, they are not planning to lay a bunch of men and women off as aspect of the merge.)
This is just the hottest transfer by Google to beef up its components chops by bringing far more engineers underneath a person roof just past 7 days, the business finalized its deal to expend $1.1 billion attaining a large aspect of HTC’s components operation.
Nest experienced beforehand highlighted (and continue to does, as of this early morning) its unbiased marriage from Google in its privateness FAQ, noting that the business experienced a “separate management crew, model and society. We even have our individual different headquarters!”
Rumors of this transfer experienced been heading about for a number of months now, with the very first studies popping up back again in November of 2017.