Amazon to acquire maker of Roomba vacuums for roughly $1.7 billion. Amazon to acquire Roomba vacuum maker for about $1.7 billion
The companies announced Friday that Amazon is acquiring iRobot for $61 per share, a cash deal that values the Roomba maker at $1.7 billion.
iRobot is best known for its robotic vacuum Roomba, but it has since expanded its product lineup to other household cleaning robots such as mops and lawn mowers.
Amazon is acquiring iRobot for $61 per share in a cash deal that values the Roomba maker at $1.7 billion, the companies announced Friday.
The deal will deepen Amazon's presence in consumer robotics. Amazon made a bold bet on space last year when it unveiled the Astro Home robot
A $1,500 device that comes equipped with the company's Alexa digital assistant and can follow consumers around their homes.
It has also launched a range of smart home devices, such as Ring doorbells, as well as voice-activated thermometers and microwaves.
Customers love iRobot products - and I'm excited to be working with the iRobot team to invent ways to make customers' lives easier and more enjoyable.
The acquisition is Amazon's fourth-largest deal behind grocery chain Whole Foods' $13.7 billion purchase in 2017 versus film studio MGM's $8.45 billion purchase last year.
iRobot, founded in 1990 by Massachusetts Institute of Technology roboticists, is best known for making Roomba, a robot vacuum launched in 2002 that can clean consumers.