Amazon to buy iRobot for $1.7bn

Amazon has announced it is buying consumer robot company iRobot.

iRobot designs and builds home robots, including its Roomba robot vacuum, and its Braava family of mopping robots.

Amazon is buying the business for $61 per share or $1.7 billion in total.

The move comes two weeks after the e-commerce giant announced plans to buy HealthTech business One Medical for $3.9 billion.

One Medical is a technology-driven primary care organisation which offers a combination of in-person, digital, and virtual care services.

“We know that saving time matters, and chores take precious time that can be better spent doing something that customers love,” said Dave Limp, senior vice president of Amazon Devices. “Over many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and inventive—from cleaning when and where customers want while avoiding common obstacles in the home, to automatically emptying the collection bin.

Limp added: “Customers love iRobot products—and I’m excited to work with the iRobot team to invent in ways that make customers’ lives easier and more enjoyable.”

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