Amazon to purchase Roomba maker iRobot in US$1.7 billion deal
Friday, August 5, 2022 at 10:45PM
Nicole Batac in Amazon, Home, News, Press release, Roomba, Smart Home, acquisition, iRobot

Source iRobot

Amazon has just signed an agreement with iRobot, the company behind Roomba robot vacuum cleaners, to buy the company for US$1.7 billion (around CA$2.2 billion). It'll be an all-cash transaction for US$61 (approx. CA$79) per share. Colin Angle, iRobot's CEO, will remain in his position.

As CNET noted, Amazon has been a market leader in smart home devices, but a vacuum cleaner hasn't been introduced in its wheelhouse yet. The company didn't detail how it plans to integrate iRobot with the rest of the company.

Article originally appeared on Reviews, News and Opinion with a Canadian Perspective (https://www.canadianreviewer.com/).
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