iRobot has closed the previously announced acquisition of Robopolis SAS, based in Lyon, France. The operation responds to the American company’s strategy to expand its business in Europe, that is an important region where iRobot sees excellent opportunities for further growth.
The preliminary purchase price of 141 million dollar, is subject to normal purchase price adjustments and is expected to be finalized no later than Q1 2018.
As announced on July 25, 2017, the acquisition will enable iRobot to capitalize on the current market momentum, driving accelerated adoption of robotic floor cleaners. The EMEA region comprised approximately 25% of iRobot’s 2016 consumer revenue. Robopolis represented nearly half of iRobot’s EMEA revenues in 2016.
«As iRobot expands globally – said Colin Angle, chairman and chief executive officer of iRobot – we are excited about the current and future opportunities in Europe. With the closing of this acquisition, we welcome a team that has already solidified iRobot’s market leading position in Europe and is well positioned to drive continued growth in the region.»
