Highlights:

  • With each new product generation, iRobot has continued its tradition of innovation, finding novel solutions to pressing challenges.

Amazon and iRobot announced a definitive merger agreement, according to which Amazon will acquire iRobot, a firm known for developing revolutionary cleaning solutions for homes with a history of simplifying customers’ lives. With each new product generation, iRobot has continued its tradition of innovation, finding novel solutions to pressing challenges. These innovations have enabled the company to give its customers vital time in their busy schedules.

Amazon will acquire iRobot for USD 61 per share in an all-cash transaction with a total value of USD 1.7 billion, including iRobot’s net debt. The deal’s completion is contingent on the fulfilment of normal closing conditions, such as the approval by iRobot shareholders and the consent of regulatory authorities. Following the project’s conclusion, Colin Angle will continue in his role as CEO of iRobot.

Experts’ Take

Dave Limp, SVP of Amazon Devices said, “We know that saving time matters, and chores take precious time that can be better spent doing something that customers love. Over many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive—from cleaning when and where customers want while avoiding common obstacles in the home, to automatically emptying the collection bin. Customers love iRobot products—and I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable.”

Colin Angle, chairman and CEO of iRobot said, “Since we started iRobot, our team has been on a mission to create innovative, practical products that make customers’ lives easier, leading to inventions like the Roomba and iRobot OS. Amazon shares our passion for building thoughtful innovations that empower people to do more at home, and I cannot think of a better place for our team to continue our mission. I’m hugely excited to be a part of Amazon and to see what we can build together for customers in the years ahead.”