Amazon buys vacuum cleaner makers iRobot for $1.7 billion

Today it was announced that Amazon will acquire iRobot for approximately $1.7 billion.including net debt from vacuum cleaner maker Roomba.

“We know that saving time is important, and tasks take up precious time that can be better spent doing something customers love,” said Dave Limp, senior vice president of Amazon Devices.

For many years, the iRobot team has proven its ability to reinvent the way people clean with products that are incredibly practical and ingenious.s, from cleaning when and where customers want while avoiding common household obstacles, to automatically emptying the collection container. Customers love iRobot products, and I’m excited to work with the iRobot team to invent ways to make customers’ lives easier and more enjoyable,” added Limp.

Amazon to pay iRobot $61 per share in an all-cash transaction valued at approximately $1.7 billion. Completion of the transaction is subject to customary closing conditions, including iRobot shareholder approval and regulatory approvals.

Since we started iRobot, our team has been on a mission to create innovative and practical products that make customers’ lives easier.which led to inventions like the Roomba and iRobot OS,” said Colin Angle, president and CEO of iRobot.

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 am very excited to be part of Amazon and to see what they can build together for customers in the years to come,” added Angle, who will remain as CEO of iRobot, after closing the deal.

iRobot is a consumer robot manufacturer that designs and builds thoughtful equipment and smart home innovations. The company introduced the first Roomba robot vacuum in 2002, and today it is a global company that has sold millions of robots worldwide.

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