Amazon buys iRobot for $1.7 billion


Amazon has announced its intention to acquire iRobot, an autonomous consumer robotics company.

iRobot is best known for its Roomba robot vacuums and Braava robot mops, but also offers air purifiers, handheld vacuums and educational robots to help kids learn programming at home and at school. Amazon will spend $1.7 billion(opens in new window) ($61 per share) controls the company in an all-cash deal, but requires iRobot shareholder approval and regulatory approval to complete the sale.

“Amazon shares our passion for building thoughtful innovations that empower people to do more from home, and I can’t think of a better place to continue our mission than our team. I’m so excited to be a part of Amazon, See what we can build together for our customers in the years to come,” said iRobot Chairman and CEO Colin Angle.

Amazon notes that iRobot has a “history of making customers’ lives easier with innovative household cleaning products,” suggesting this will be the focus of future iRobot offerings. It seems likely that Amazon will continue to use the Roomba brand as it is known to consumers, but we’ll have to wait and see if the word “Echo” gets labeled in some way.

Amazon also confirmed that Colin Angle will remain as iRobot’s CEO once the sale is complete, a sign that it intends to keep the company operating as a separate entity.

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“Over the years, the iRobot team has demonstrated its ability to reinvent the way people clean using very practical and innovative products – cleaning from where and when customers want, while avoiding A common obstacle in the home, “Empty the collection box automatically. Customers love iRobot products, and I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable. “

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