Amazon on Friday announced to acquire Global consumer robot company iRobot for $1.7 billion in an all-cash deal.

“Since we started 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.

The completion of the transaction is subject to customary closing conditions, including approval by iRobot’s shareholders and regulatory approvals.

IANS

Categories: Corporate M&A

Tags: Acquisition, Amazon, consumer, irobot, robot