Amazon has introduced that it’s buying iRobot for roughly $1.7 billion.
iRobot is most well-known for its robotic vacuums however has additionally been increasing into different product classes, together with air purifiers and handheld vacuums.
Dave Limp, SVP of Amazon Gadgets, mentioned:
“We all know that saving time issues, and chores take treasured time that may be higher spent doing one thing that clients love.
Over a few years, the iRobot workforce has confirmed its potential to reinvent how individuals clear with merchandise which are extremely sensible and creative—from cleansing when and the place clients need whereas avoiding frequent obstacles within the residence, to robotically emptying the gathering bin.
Prospects love iRobot merchandise—and I’m excited to work with the iRobot workforce to invent in ways in which make clients’ lives simpler and extra fulfilling.”
The most important money injection from Amazon will allow iRobot to proceed increasing its lineup.
Colin Angle, Chairman and CEO of iRobot, commented:
“Since we began iRobot, our workforce has been on a mission to create progressive, sensible merchandise that make clients’ lives simpler, resulting in innovations just like the Roomba and iRobot OS.
Amazon shares our ardour for constructing considerate improvements that empower individuals to do extra at residence, and I can not consider a greater place for our workforce to proceed our mission.
I’m vastly excited to be part of Amazon and to see what we are able to construct collectively for patrons within the years forward.”
Amazon is buying iRobot for $61 per share in an all-cash transaction valued at roughly $1.7 billion.
Colin Angle will stay as CEO of iRobot.
(Picture Credit score: iRobot)
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