Bankrupted Roomba’s maker gets taken over, and the robot vacuum lives on for now

Bankrupted Roomba’s maker gets taken over, and the robot vacuum lives on for now



iRobot, the company behind the Roomba robot vacuum cleaners, has filed for bankruptcy protection.

In its official statement, iRobot stated it has entered a Restructuring Support Agreement (RSA) with its primary contract manufacturer, Shenzhen Picea Robotics Co., Ltd (also known as Picea).

Under the agreement, Picea will acquire iRobot through a court-supervised process and receive 100% of iRobot’s equity interests. This also means Picea now wholly owns iRobot, and iRobot is no longer listed on the Nasdaq Stock Market.



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