Amazon has signed an agreement to acquire iRobot, makers of Roomba robot vacuums. The deal is valued at approximately $1.7 billion, and Amazon will acquire iRobot for $61 per share in an all-cash transaction.
“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,” says Dave Limp, SVP of Amazon Devices. It’s not immediately clear how iRobot will be integrated into Amazon once the deal is finalized and cleared by regulators, but Amazon intends to keep Colin Angle as the CEO of iRobot.
iRobot has been designing robot vacuums since 2002, and it has sold millions of its popular Roomba vacuums. Earlier this year iRobot launched its latest iRobot OS, an AI-powered platform for its robot vacuums and mops. The iRobot OS is designed to differentiate Roomba products from competitors with additional software features and capabilities as the robot cleaning space gets increasingly competitive.