M&A Deal Summary

iRobot Acquires Root Robotics

On June 20, 2019, iRobot acquired technology hardware company Root Robotics

Acquisition Highlights
  • This is iRobot’s 4th transaction in the Technology Hardware sector.
  • This is iRobot’s 3rd transaction in the United States.
  • This is iRobot’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-06-20
Target Root Robotics
Sector Technology Hardware
Buyer(s) iRobot
Deal Type Add-on Acquisition

Target

Root Robotics

Cambridge, Massachusetts, United States
Root Robotics, Inc. is a provider of fun and easy-to-use creativity tool for kids and adults to go on a journey with problem-solving, coding, artwork, and adventure. Root Robotics, Inc. was founded in 2016 and is based in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

iRobot

Bedford, Massachusetts, United States
Category Company
Founded 1990
Sector Technology Hardware
Employees1,058
Revenue 890M USD (2023)
DESCRIPTION

iRobot is a designer and builder of robots for consumers and businesses. iRobot's home robots help people find smarter ways to clean, its defense & security robots protect those in harm's way, and its remote presence robots enable virtual presence from anywhere in the world. iRobot was founded in 1990 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 5 of 6
Sector (Technology Hardware) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Robopolis SAS

Villeurbanne, France

Robopolis SAS is specialized in service robotics offers useful and educational robots, and is bringing artificial intelligence into the home. Robopolis was founded in 2000 and is based in Villeurbanne, France.

Buy $141M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Aeris Cleantec

Cham, Switzerland

Aeris Cleantec is a provider of premium air purifiers. Aeris Cleantec is based in Cham, Switzerland.

Buy -
Mergr

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