Robot vacuum cleaners could soon be a new addition to the smart home following the recent acquisition of iRobot by Amazon. As the maker of Roomba, iRobot already had a strong standing for automated cleaning in the home, with its robotic vacuum product having found a home in millions of properties worldwide since 2002.
Aside from its recognizable Roomba, however, iRobot’s product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers have been building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live.
“We know that saving time matters, and chores take precious time that can be better spent doing something that customers love,” says Dave Limp, SVP of Amazon Devices. “Over many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive—from cleaning when and where customers want while avoiding common obstacles in the home, to automatically emptying the collection bin. 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.”
More Details on the Amazon iRobot Acquisition
Amazon will acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt. Completion of the transaction is subject to customary closing conditions, including approval by iRobot’s shareholders and regulatory approvals. On completion, Colin Angle will remain as CEO of iRobot.
“Since we started iRobot, our team has been on a mission to create innovative, practical products that make customers’ lives easier, leading to inventions like the Roomba and iRobot OS,” says Colin Angle, chairman and CEO of iRobot.
“Amazon shares our passion for building thoughtful innovations that empower people to do more at home, and I cannot think of a better place for our team to continue our mission. I’m hugely excited to be a part of Amazon and to see what we can build together for customers in the years ahead.”
Amazon itself is already embedded in the smart home space with its Alexa voice control and Echo smart speaker, in addition to its ownership of Ring video doorbells and Fire smart television.
Another version of this article originally appeared on our sister site CE Pro.