Amazon to Acquire iRobot, a Manufacturer of Innovative Cleaning Products for The Home

Author photo: Chantal Polsonetti
ByChantal Polsonetti
Category:
Acquisition or Partnership

Amazon and iRobot announced that they have entered into a definitive merger agreement under which Amazon will acquire iRobot. iRobot has a history of making customers’ lives easier with innovative cleaning products for the home. iRobot has Innovative Cleaning Productscontinued to innovate with every product generation, solving hard problems to help give customers valuable time back in their day.

Amazon will acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt. Completion of the transaction is subject to customary closing conditions, including approval by iRobot’s shareholders and regulatory approvals.

About iRobot

iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold millions of robots worldwide. iRobot's product portfolio features technologies and advanced concepts in cleaning, mapping, and navigation.

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