Nest, who are now owned by Google has announced that they have purchased Smart Home Hub maker Revolv, no details on how much Nest paid for Revolv have been revealed.
Nest is well known for their Smart Thermostat and Smart Smoke Detector, and now they have acquired Revolv who make a smart home hub designed to control a number of devices.
The news was announced on both Nest’s and Revolv’s website, and the company confirmed that their device will continue to work for existing customers, although the device will not be made available to new customers.
We have been inspired by Nest since our foundation, and are thrilled to be part of the Nest family. Together, we’re going to create some amazing products and continue to unify the connected home as part of the Works with Nest program.
As yet it is not clear on whether the Revolv home hub will be released under the Nest branding, or whether the company will develop a completely new home hub using the Revolv technology.
Source Revolv, Forbes