Immediately after the acquisition of a health care company, amazon has announced its intention to buy iRobot in an all-cash deal worth $1.7 billion. Amazon will pay 67 dollars per share for the manufacturer of the popular Roomba robot vacuum cleaners.
“We know that saving time matters, and tasks take precious time that can be better spent doing something customers love,” said Dave Limp, senior vice president of Amazon Devices, in a press release. “For many years, the iRobot team has proven its ability to reinvent the way people clean with products that are incredibly convenient and inventive, from cleaning when and where customers want while avoiding common household obstacles, to emptying automatically the collection container. 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 said iRobot CEO Colin Angle will remain in his place as long as the deal closes.
“Since we started iRobot, our team has been on a mission to create innovative and practical products that make customers’ lives easier, leading to inventions like the Roomba and iRobot operating system,” Angle said in the press release. “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 continue our mission. I am very excited to be a part of Amazon and to see what we can build together for customers in the years to come.”
The deal is the latest high-profile acquisition for Amazon, which acquired primary health care organization One Medical in a $3.9 billion deal in July. It’s also in the process of shutting down movie studio MGM in an $8.45 billion deal, and bought consumer router company Eero for $97 million in February 2019. Before that, it gobbled up Ring in 2018 for $839 million. , and Whole Foods in 2017 for nearly $14 billion.
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