MergerLinks Header Logo

Announced

iRobot Corp acquired Massachusetts-based Root Robotics.

Synopsis

iRobot Corp, the leader in consumer robots, acquired Massachusetts-based Root Robotics, the creator of the eponymous coding robot, a two-wheeled device designed to draw on whiteboards and other surfaces, scanning colors, playing music and otherwise playing out coding instructions. Financial terms were not disclosed. "The acquisition of Root Robotics allows iRobot to broaden the impact of its STEM efforts with a commercially available, educational robotic platform already being used by educators, students and parents," said Colin Angle, chairman and CEO of iRobot. "Root also helps increase the reach of iRobot's educational robot line by offering a proven system for people of all ages, including students in elementary school."

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US