Roomba robotic vacuum cleaner iRobot acquired by Amazon for $1.7 billion

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Roomba robotic vacuum cleaner iRobot acquired by Amazon for $1.7 billion

iRobot, the maker of Roomba robot vacuums, is being acquired by Amazon for $1.7 billion.

Both companies announced that they have entered into a definitive merger agreement. Completion of the transaction is subject to iRobot shareholder approval and regulatory approvals. Upon completion, Colin Angle will remain the CEO of iRobot.

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iRobot has been making robotic vacuum cleaners since 2002 and is widely regarded as some of the best in the industry. Acquiring iRobot will allow Amazon to expand its range of smart home devices, now including Roomba, Alexa and Ring doorbells.

Source: Amazon

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