Amazon buys iRobot, maker of Roomba robot vacuum cleaners

Amazon has announced the acquisition of well-known robot vacuum cleaner manufacturer iRobot.

Details

Amazon said the deal cost the company $1.7 billion, or $61 per share. Completion of the transaction is subject to normal closing conditions, including the approval of iRobot shareholders and regulatory authorities.

Under the terms of the signed agreement, Colin Angle will remain CEO of iRobot.

“Since we launched iRobot, our team has challenged itself to create innovative, practical products that make life easier for customers, which has led to inventions like Roomba and the iRobot OS,” said Colin Angle (pictured). “Amazon shares our passion for creating thoughtful innovations that empower people to do more at home, and I can't think of a better place for our team to continue our mission. I'm thrilled to be part of Amazon and see what we can create together for customers in the coming years."

Recall that iRobot was founded in 1990 at the Massachusetts Institute of Technology, and the first model of the Roomba robot vacuum cleaner was introduced in 2002. In addition to household assistants, the company also created the first Micro Rover robots used by NASA, built the first ground robots used by the US military in conflicts, introduced the first FDA-approved telepresence self-navigating robot for hospitals.

Source: Amazon

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