Friday 5 August 2022 09:22 PM Amazon buys Roomba manufacturer iRobot in $1.7 billion deal trends now
Amazon has bought iRobot, the technology masterminds behind the Roomba robot vacuum, for an eye-watering $1.7billion deal.
The tech company have sold millions of the popular vacuum designs and automated cleaning devices, which they have specialized in since 2002.
Amazon intends to keep Colin Angle as the CEO of iRobot, and the acquisition will increase the company's stake in consumer robotics - alongside tech devices like Ring and Alexa.
Announcing the acquisition, Dave Limp, SVP of Amazon Devices, said: 'Over many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive — from cleaning when and where customers want while avoiding common obstacles in the home, to automatically emptying the collection bin.
Amazon has bought iRobot for an eye-watering $1.7billion. This will be Amazon's fourht-biggest acquisition. Tech company iRobot have sold millions of the popular vacuum designs and automated cleaning devices, which they have specialized in since 2002
Dave Limp, SVP of Amazon Devices, said: 'I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable'
'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.'
iRobot was founded in 1990, and the company is best known for its automated cleaning device, Roomba.
This is Amazon's fourth biggest deal to date, with its acquisition of Whole Foods Market in 2017 still sitting at the top after costing $13.7billion.
Behind that was Amazon's purchase of film studio Metro-Goldwyn-Mayer for $8.45billion and care provider One Medical for $3.9billion.
Amazon's four acquisitions this year have been Strio.AI, GlowRoad, primary healthcare clinics One Medical and iRobot.
In 2021, the company acquired five others - Umbra 3D, TV and film company Metro-Goldwyn-Mayer, Art19, Wickr and Veeqo.
Last week, Amazon
