August 14, 2022

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Amazon to purchase Roomba maker iRobot for $1.7 billion

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Sizzling on the heels of its acquisition of a properly being care agency, Amazon has launched its intention to purchase iRobot in an all-cash deal worth $1.7 billion. Amazon pays $67 per share for the maker of the favored Roomba robotic vacuums.

“We all know that saving time issues, and chores take treasured time that may be higher spent doing one thing that prospects love,”  Dave Limp, SVP of Amazon Gadgets, talked about in a press launch. “Over a few years, the iRobot staff has confirmed its skill to reinvent how individuals clear with merchandise which might be extremely sensible and ingenious—from cleansing when and the place prospects need whereas avoiding widespread obstacles within the residence, to routinely emptying the gathering bin. Prospects love iRobot merchandise—and I’m excited to work with the iRobot staff to invent in ways in which make prospects’ lives simpler and extra pleasurable.”

Amazon talked about that iRobot CEO Colin Angle will keep in place if and when the deal closes.

“Since we began iRobot, our staff has been on a mission to create progressive, sensible merchandise that make prospects’ lives simpler, resulting in innovations just like the Roomba and iRobot OS,” Angle talked about inside the press launch. “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 staff to proceed our mission. I’m massively excited to be part of Amazon and to see what we are able to construct collectively for patrons within the years forward.”

The deal is the latest high-profile acquisition for Amazon, which scooped up primary properly being care group One Medical in a $3.9 billion deal in July. Additionally it is inside the technique of closing on film studio MGM in an $8.45 billion deal, and acquired shopper router agency Eero for $97 million in February 2019.

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