Seattle, WA and Bedford, MA – August 5, 2022 – Amazon.com (NASDAQ: AMZN) and iRobot Corporation (NASDAQ: IRBT) today announced that they have entered into a definitive merger agreement under which Amazon will acquire iRobot. iRobot is a pioneer in the consumer robot industry, best known for its Roomba robotic vacuum cleaners. The acquisition of iRobot aligns with Amazon's ongoing efforts to expand its presence in the smart home market. By combining iRobot's expertise in robotic technology with Amazon's Alexa-powered devices, the companies aim to create a more integrated and convenient home experience for consumers. Key Points: Strategic Fit: The acquisition of iRobot is a strategic move for Amazon, as it strengthens the company's position in the smart home market. Enhanced Home Automation: The combination of iRobot's robotic technology with Amazon's Alexa platform will enable more sophisticated home automation capabilities. Increased Competition: This deal could intensify competition in the smart home market, as other tech giants may seek to acquire similar companies. Regulatory Approval: The completion of the acquisition is subject to customary closing conditions, including regulatory approval. The acquisition of iRobot is expected to close in the second half of 2022. Once completed, iRobot will operate as a wholly-owned subsidiary of Amazon.
