Amazon acquires iRobot (maker of Roomba)

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Amazon and iRobot, maker of Roomba brand cleaning robots, have announced the signing of a merger agreement. The company founded by Jeff Bezos will now have its own line of home cleaning appliances.

“We know that saving time is important, and chores take precious time that can be better spent doing something customers love,” said Dave Limp, SVP 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, from cleaning when and where customers want while avoiding common household obstacles, to automatically emptying the collection garbage can. Customers love iRobot’s products, and I’m excited to work with the iRobot team to invent ways to make customers’ lives easier and more enjoyable.”

iRobot Roomba Amazon
iRobot Roomba

Amazon will acquire iRobot for $1.7 billion, which means it will pay for the stock at $61. In addition, it will become responsible for iRobot’s net debt. 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, leading to inventions like Roomba and iRobot OS,” said Colin Angle, chairman and CEO of iRobot. “Amazon shares our passion for creating thoughtful innovations that enable people to do more at home, and I can’t think of a better place for our team to continue our mission. I’m very excited to be a part ofAmazonand to see what we can build together for customers in the coming years.”

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