Official Assures No Local Impact When Amazon Acquires iRobot

Amazon will acquire Bedford-based iRobot in a definitive merger agreement announced by the two companies on Friday.

A high-ranking corporate official, who asked to remain anonymous, later in the day expressed assurance that “there are no current plans that would have an impact on iRobot HQ that are a result of the proposed acquisition.”

He added in his email, “We love Bedford.”

According to a press release from iRobot, “Amazon will acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion, including iRobot’s net debt. Completion of the transaction is subject to customary closing conditions, including approval by iRobot’s shareholders and regulatory approvals.”
“The deal has not closed, and until closing, Amazon and iRobot will continue to operate independently,” the official stressed.

iRobot’s world headquarters on Crosby Drive is a 270,000-square-foot facility with 20 laboratories. There are about 700 employees “spanning a wide range of functions, including but not limited to R&D, operations, marketing, human resources, communications, IT and sales,” according to a spokesman.

The announcement of the acquisition said that the company., since its founding in 1990, “has been on a mission to create innovative, practical products that make customers’ lives easier.”

Mike Rosenberg can be reached at mike@thebedfordcitizen.org, or 781-983-1763

Editor’s Note: Amazon acquired Whole Foods Market in 2017, including the chain’s Bedford store, for $13.4 billion (New York Times)

 


Keep our journalism strong! Support The Citizen Journalism Fund today. Contact The Bedford Citizen: editor@thebedfordcitizen.org or 781-325-8606

Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x