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Amazon to accumulate maker of Roomba vacuum for roughly $1.7 billion

A vacuuming Roomba mannequin robotic is displayed at iRobot headquarters in Bedford, Massachusetts

Scott Eells | Bloomberg | Getty Photos

Amazon is buying iRobot for $61 a share, an all-cash deal that values ​​the Roomba maker at $1.7 billion, the businesses introduced Friday.

The deal needs to deepen Amazon’s presence in client robotics. Amazon made a daring guess on the area final yr when it unveiled the Astro dwelling robotic, a $1,500 gadget that is outfitted with the corporate’s Alexa digital assistant and might observe customers round their dwelling. It is also launched an array of sensible dwelling gadgets, like ring doorbells, in addition to voice-activated thermometers and microwaves.

“Over a few years, the iRobot group has confirmed its capability to reinvent how individuals clear with merchandise which are extremely sensible and creative — from cleansing when and the place clients need whereas avoiding frequent obstacles within the dwelling, to mechanically emptying the gathering bin,” stated Dave Limp, Amazon’s {hardware} gadgets chief, in a press release. “Prospects love iRobot merchandise — and I am excited to work with the iRobot group to invent in ways in which make clients’ lives simpler and extra fulfilling.”

iRobot, based in 1990 by Massachusetts Institute of Expertise roboticists, is finest identified for making the Roomba, a robotic vacuum launched in 2002 that may clear customers’ flooring autonomously. Since then, it has launched robotic mops and pool cleaners. iRobot additionally has a subscription program that provides computerized tools replenishment, amongst different companies.

As soon as the deal closes, iRobot CEO Colin Angle will proceed to run the corporate.

Shares of iRobot surged greater than 18% in premarket buying and selling, after they have been briefly halted following the announcement of the deal. Amazon’s inventory was down about 0.5%.

That is breaking information. Please verify again for updates.

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