Google Inc., Mountain View, Calif.,announced that it entered into an agreement to buy Nest Labs Inc. for $3.2 billion in cash.
Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller — and the recently launched Protect (Smoke + Carbon Monoxide (CO) Alarm) has had rave reviews, Google commented in a press release.