IRobot will be owned by Amazon for $1.7 billion.

iRobot

A “definitive merger agreement” between Amazon and iRobot states that Amazon will buy robots.

It is a well-known manufacturer of cutting-edge cleaning tools for the home, including the Roomba vacuum cleaning robot.

With every new product generation, according to this robot, the company has continued to develop, tackling challenging issues to help give consumers important time back in their lives.

“We realize that saving time counts, and chores require valuable time that may be better spent doing something that customers enjoy,” says Dave Limp, SVP of Amazon Devices.

Over a long period of time, the robot team has shown that it can change the way people clean by making products that are both useful and creative. For example, people can clean when and where they want while avoiding frequent obstacles in the house, and the collecting bin can be emptied by itself.

Customers like iRobot products, so I’m eager to collaborate with the company to develop innovations that will improve and simplify their lives.

Since we launched iRobot, our team has been on a quest to build creative, useful products that make consumers’ lives simpler, resulting in innovations like the Roomba and iRobot OS,” says Colin Angle, chairman, and CEO of iRobot.

I can’t think of a better environment for our team to carry out our purpose than Amazon, which shares our enthusiasm for creating meaningful technologies that enable people to achieve more at home. I’m really eager to join Amazon and to see what we can create for consumers in the next few years.

Including iRobot’s net debt, Amazon will purchase iRobot for $61 per share in an all-cash deal valued at around $1.7 billion.

The transaction’s completion is contingent on the usual closing requirements, which include shareholder and regulatory clearances for iRobot. Colin Angle will continue to lead iRobot when it is finished.

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