BEDFORD (dpa-AFX) – The vacuum robot pioneer iRobot has filed for bankruptcy in the USA and is to be taken over by its Chinese contract manufacturer. At the same time, it is planned that operations should continue.
According to the insolvency plan, existing shareholders will be left empty-handed and the contract manufacturer Picea Robotics will hold 100 percent of the shares in the future, according to a statement from iRobot. After the takeover, iRobot is expected to complete the insolvency proceedings in February.
Brussels blocked purchase by Amazon
The US company from Massachusetts was once the pioneer in the business with its Roomba brand vacuum robots. But iRobot has been facing competition from Chinese manufacturers with their mostly cheaper devices for a long time.
iRobot sought liberation through its takeover by Amazon. But the deal agreed in August 2022 failed due to resistance from European competition watchdogs. The EU Commission saw a risk that Amazon could hinder iRobot’s competitors on its trading platform.
In October, iRobot announced that the last prospective buyer had dropped out. At that time, the company also mentioned high outstanding payments to the main contract manufacturer./so/DP/nas
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