Evolution Robotics


iRobot Gobbles up Evolution Robotics for $74M

Guess what Roomba got for its 10th birthday? A nice, shiny new company to play with. iRobot, the company that makes the Roomba robotic vacuum will acquire competitor Evolution Robotics for $74 million in cash, according to a joint announcement. Though iRobot went public in 2005 and Evolution Robotics remains a privately-held company, the two companies have otherwise followed a somewhat similar trajectory for the last decade.