Amazon is acquiring iRobot for $1.7B

Amazon is acquiring iRobot for $1.7B
Ryan is a senior editor at TechForge Media with over a decade of experience covering the latest technology and interviewing leading industry figures. He can often be sighted at tech conferences with a strong coffee in one hand and a laptop in the other. If it's geeky, he’s probably into it. Find him on Twitter: @Gadget_Ry

Amazon has announced that it’s acquiring iRobot for approximately $1.7 billion.

iRobot is most well known for its robot vacuums but has also been expanding into other product categories, including air purifiers and handheld vacuums.

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.”

The major cash injection from Amazon will enable iRobot to continue expanding its lineup.

Colin Angle, Chairman and CEO of iRobot, commented:

“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.”

Amazon is acquiring iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion.

Colin Angle will remain as CEO of iRobot.

(Image Credit: iRobot)

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