Amazon has announced the acquisition of global consumer robot company iRobot for $1.7 billion in a cash deal.
iRobot introduced the first Roomba robot vacuum in 2002 and has sold millions of robots worldwide for cleaning, mapping and navigation.
“Over the years, the iRobot team has proven its ability to transform how people clean with products that are incredibly practical and inventive when customers dump the collection bin, while avoiding common hassles in the home. Automatically empty when and where you want to clean,” Dave said. Limp, SVP of Amazon Devices.
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Colin Angle will remain CEO of iRobot upon completion of the transaction.
“Ever since we launched 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,” said Angle, Chairman and CEO.
He added, “Amazon shares our passion for creating thoughtful innovations that empower people to do more at home, and I couldn’t think of a better place for our team to continue our mission.” can think.”
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Completion of the Transaction is subject to customary closing conditions, including approval by iRobot shareholders and regulatory approval.
Dominated by home-cleaning robots, the global consumer services robotics market posted a 25 percent increase in shipments last year (year-on-year), as shown in a report this week.
According to Counterpoint’s IoT service, the consumer robot market is projected to grow at a compound annual growth rate (CAGR) of 27 percent over the next four years.
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“Home cleaning robots, which primarily include robot vacuums, are the most influential category in the robotics industry, accounting for two-thirds of the total consumer service robotics market,” said Anshika Jain, senior research analyst.
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