iRobot Acquires Evolution Robotics for $74,000,000

  • Feed Type
  • Date
    9/18/2012
  • Company Name
    Evolution Robotics
  • Mailing Address
    1055 E. Colorado Blvd Pasadena, CA 91106
  • Company Description
    Evolution Robotics, Inc. develops state-of-the-art robotics solutions, and partners with original equipment manufacturers to integrate those technologies into new and more intelligent products. Whether used within autonomous robots for commercial or consumer use, or electronic devices with increased, intelligent functionality, Evolution Robotics provides the technologies and services to bring those products to life, and to market.
  • Website
    http://www.evolution.com
  • Transaction Type
    M&A
  • Transaction Amount
    $74,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The acquisition will be paid for with all cash.