M&A Deal Summary

Nest Labs Acquires Dropcam

On June 21, 2014, Nest Labs acquired technology hardware company Dropcam for 555M USD

Acquisition Highlights
  • This is Nest Labs’ 1st transaction in the Technology Hardware sector.
  • This is Nest Labs’ largest (disclosed) transaction.
  • This is Nest Labs’ 2nd transaction in the United States.
  • This is Nest Labs’ 1st transaction in California.

M&A Deal Summary
Date 2014-06-21
Target Dropcam
Sector Technology Hardware
Buyer(s) Nest Labs
Deal Type Add-on Acquisition
Deal Value 555M USD
Advisor(s) Qatalyst Partners (Financial)

Target

Dropcam

San Francisco, California, United States
Dropcam is a developer of a Wi-Fi camera that allows users to record and view online.

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Buyer(S) 1

Buyer

Nest Labs

Palo Alto, California, United States
Category Company
Founded 2010
Sector Technology Hardware
DESCRIPTION
Nest office in Palo Alto, California.
Nest office in Palo Alto, California.

Nest Labs is a home automation company that designs and manufactures sensor-driven, Wi-Fi-enabled, self-learning, programmable thermostats and smoke detectors. Nest Labs was formed in 2010 and is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-07 MyEnergy

Boston, Massachusetts, United States

MyEnergy allows people to track their electric, gas, and water usage in one place online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 Revolv

Boulder, Colorado, United States

Revolv, Inc. is a provider of simple, and elegant home monitoring and control system to the smartphone generation.

Buy -
Mergr

Product

Company

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