BEDFORD – Amazon is buying Roomba-inventor iRobot for $1.7 billion, the 2 corporations introduced Friday.
The Bedford-based firm was based by MIT scientists in 1990 and launched the wildly widespread robotic vacuum in 2002.
“Since we began iRobot, our group has been on a mission to create progressive, sensible merchandise that make clients’ lives simpler, resulting in innovations just like the Roomba and iRobot OS,” iRobot CEO Colin Angle mentioned in a press release. “Amazon shares our ardour for constructing considerate improvements that empower folks to do extra at house, and I can’t consider a greater place for our group to proceed our mission.”
Amazon will purchase iRobot inventory at $61 per share and take over the corporate’s web debt.
“Over a few years, the iRobot group has confirmed its capacity to reinvent how folks clear with merchandise which are extremely sensible and inventive-from cleansing when and the place clients need whereas avoiding frequent obstacles within the house, to routinely emptying the gathering bin,” Amazon Units SVP Dave Limp mentioned. “Prospects love iRobot products-and I am excited to work with the iRobot group to invent in ways in which make clients’ lives simpler and extra pleasurable.”
As of 2021, iRobot mentioned it has bought greater than 40 million house robots worldwide.