Picea to acquire iRobot for $264m.

Picea, a firm specialzied in manufacturing and sales of precision harmonic gear drive reducer and devices, robotic systems, and electromechanical equipment, agreed to acquire iRobot, a Roomba vacuum cleaner maker, for $264m. This agreement represents a critical step toward strengthening iRobot's financial foundation and positioning the company for long-term growth and innovation.