E-commerce giant Amazon acquires robotics technology company iRobot for 1.6 billion euros

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E-commerce giant Amazon and U.S.-based iRobot, a technology company that designs and builds behavior-based AI robots, announced Friday (August 5) that they have entered into a definitive merger agreement under which Amazon will acquire iRobot.

According to a statement from Amazon, it will buy iRobot for $61 per share in an all-cash deal valued at nearly $1.7 billion, including debt. net of iRobot. Colin Angle will continue to lead iRobot.

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Objective of this acquisition

iRobot claims to make life easier for customers with home cleaning solutions. With each new generation of products, the company says it develops and tackles complex problems to give back customers valuable time.

Dave Limp, SVP of Amazon Devices, said, “We know saving time is important, and household chores take up valuable time that can be better spent doing something customers love. For many years, the iRobot team has proven its ability to reinvent the way people clean with incredibly convenient and inventive products, cleaning when and where customers want it while avoiding common obstacles around the home, the automatic emptying of the collection bin. Customers love iRobot products and I’m excited to work with the iRobot team to invent ways to make customers’ lives easier and more enjoyable.

Amazon is an online store that caters to buyers, merchants, and content producers. It provides users with goods and content that have been acquired from merchants for resale as well as those provided by independent sellers.

Through websites like amazon.com and amazon.ca, Amazon offers its services to the North American and international markets. Additionally, it enables the publication and sale of content through its branded websites by writers, musicians, filmmakers, app developers and others.

Amazon also offers Kindle Direct Publishing, a web-based tool that allows independent writers and publishers to upload their books to sell in the Kindle Store. It also manufactures and distributes electrical gadgets in addition to offering co-branded credit card offers, advertising services, and developer and business support through Amazon Web Services.

What does iRobot offer?

Founded in 1990 by roboticists from the Massachusetts Institute of Technology, iRobot’s goal is to realize the dream of useful robots. The consumer robot company designs and builds “thoughtful” robots and smart home innovations to improve lives. iRobot released the first Roomba robot vacuum in 2002.

The company’s product portfolio includes advanced cleaning, mapping and navigation technologies and concepts.

Speaking on the merger, Colin Angle, President and CEO of iRobot, said: “Since we launched iRobot, our team has been on a mission to create innovative and convenient products that make life easier. customers, leading to inventions like the Roomba and iRobot. BONE. Amazon shares our passion for creating thoughtful innovations that empower people to do more at home, and I can’t think of a better place for our team to pursue our mission. I’m extremely excited to be part of Amazon and see what we can build together for customers in the years to come. »

iRobot claims to have created some of the most important robots in the world. For example, the company’s robots have uncovered the mysteries of the Great Pyramid of Giza, found harmful underwater oil in the Gulf of Mexico, and saved thousands of lives in conflict and crisis zones around the world.

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