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Google buys Nest Labs for $3.2 billion

I am really interested in trying a Nest in my house.  Looks like Google is going to be everywhere.

The search giant announced Monday that it’s buying connected device maker Nest Labs for $3.2 billion in cash.

Nest, led by former Apple (AAPL, Fortune 500) designer Tony Fadell, develops “smart” home appliances like thermostats and smoke detectors that can program themselves and communicate with smartphones.

Nest will maintain its brand name and continue to be led by Fadell, Google (GOOG, Fortune 500) said, adding that the deal will likely close “in the next few months.”

Fadell told Fortune’s Dan Primack that Google “made a very strong pitch for how we could have all the resources of a large company while retaining the independence of a next-generation Nest.”

“This allows us to accelerate and stay in front of the coming wave of products for what we like to call the conscious home,” Fadell said.

Source: CNNFN

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