$IRBT (iRobot Corporation)

$IRBT {{ '2016-02-04T18:53:08+0000' | timeago}} • Announcement

Robotics firm $IRBT said it signed a definitive agreement to sell its Defense and Security business to Arlington Capital Partners for $45MM. The anticipated financial impact of the divestiture will be revealed in $IRBT's 4Q15 results, the company said.

$IRBT {{ '2017-12-18T16:14:32+0000' | timeago}} • Announcement

$IRBT reached a confidential agreement with Black & Decker. As part of the agreement, Black & Decker agreed to discontinue sales of all home robotic vacuums for a certain period of time after selling through its existing inventory. The remaining terms of the settlement are confidential.

$IRBT {{ '2017-10-02T21:42:20+0000' | timeago}} • Announcement

$IRBT closed the acquisition of Robopolis SAS, based in Lyon, France. The preliminary purchase price of $141MM, is subject to normal purchase price adjustments and is expected to be finalized no later than 1Q18.

$IRBT {{ '2017-09-15T11:09:15+0000' | timeago}} • Announcement

Consumer robots maker $IRBT reached a confidential agreement with Micro-Star Int. Co., Ltd. (MSI), a US$3Bil Taiwanese computer and component manufacturer to defend and protect its intellectual property. As part of the agreement, MSI agreed to exit the robotic cleaning industry worldwide and will compensate iRobot with an undisclosed amount.

$IRBT {{ '2017-07-25T21:02:25+0000' | timeago}} • Infographic

Robotics company $IRBT has signed a definitive agreement to acquire privately-held French firm Robopolis SAS for $141MM in cash. The acquisition is expected to contribute incremental revenue of around $25 - $35MM in 2017. The transaction is expected to close in October 2017.

$IRBT {{ '2017-05-18T20:21:36+0000' | timeago}} • Announcement

$IRBT announced that the U.S. International Trade Commission will investigate into patent infringement by multiple companies. In April 2017, $IRBT filed an complaint against companies including Bissell, Hoover, bObsweep, iLife, Black & Decker and the Chinese or Taiwanese companies that manufacture the infringing products.

$IRBT {{ '2017-04-19T13:23:47+0000' | timeago}} • Announcement

$IRBT filed legal proceedings for patent infringement against multiple robotic vacuum cleaner manufacturers and sellers including Bissell, Hoover, bObsweep, iLife, Black & Decker and the Chinese or Taiwanese companies that manufacture the infringing products. $IRBT asks ITC to investigate and bar infringing products from entry into the U.S.

$IRBT {{ '2017-04-11T12:56:25+0000' | timeago}} • Announcement

$IRBT has closed the previously announced acquisition of the iRobot-related distribution business of privately-held Sales On Demand Corporation based in Tokyo, Japan, for approx $18MM. Hajime Hikino, has been named President and representative executive officer of iRobot Japan.

$IRBT {{ '2017-03-15T12:33:17+0000' | timeago}} • Announcement

$IRBT, a provider of consumer home robotics, has updated its iRobot HOME App, which includes integration of $AMZN Alexa, for better performance of connected Roomba vacuuming robots.

$IRBT {{ '2017-01-17T14:45:41+0000' | timeago}} • Announcement

$IRBT announced the addition of Elisha Finney, EVP and CFO at $VAR, to its BoD. The company also announced that Andrea Geisser and Gail Deegan will be stepping down from the BoD when their terms expire in May 2017.

$IRBT {{ '2016-11-21T14:21:20+0000' | timeago}} • Announcement

$IRBT agreed to buy its related distribution business of privately-held Sales On Demand Corp. On GAAP basis, $IRBT expects the acquisition to be between $0.25-0.35 dilutive in 2017. The acquisition will result in incremental revenue, gross margin and profit in 2018 and beyond.

$IRBT {{ '2016-11-21T14:20:23+0000' | timeago}} • Announcement

$IRBT agreed to buy its related distribution business of privately-held Sales On Demand Corp. The acquisition is expected to contribute incremental revenue of about $20-25MM in 2017 and to expand gross margin despite required one-time, inventory fair value accounting adjustment.

$IRBT {{ '2016-11-21T14:17:17+0000' | timeago}} • Announcement

$IRBT agreed to buy iRobot-related distribution business of privately-held Sales On Demand Corporation (SODC) based in Tokyo, Japan. The acquisition is expected to close in April 2017. The business is acquired for cash amount equal to book value of acquired assets at close, primarily inventory, estimated to be $14-16MM.

$IRBT {{ '2016-09-14T13:19:41+0000' | timeago}} • Announcement

Consumer robotics company $IRBT said it has named Andrew Miller, executive vice president and chief financial officer at PTC, to its board of directors. This latest addition increased the size to nine members.

$IRBT {{ '2016-06-01T16:34:07+0000' | timeago}} • Announcement

Consumer robotics company $IRBT said it has appointed Christian Cerda as COO. Mr. Cerda was previously EVP and General Manager of $IRBT's Home Robots business unit. As COO, he will lead Global Commercial and Supply Chain Operations. Prior to joining $IRBT, Mr. Cerda has worked with companies such as Whirlpool Corporation and Procter & Gamble.

$IRBT {{ '2016-05-25T17:19:39+0000' | timeago}} • Announcement

$IRBT said that based on the preliminary vote count provided by its proxy solicitor following its 2016 Annual Meeting of Stockholders, shareholders have voted to elect $IRBT's director nominees, Mohamad Ali and Michael Bell, to the BoD.

$IRBT {{ '2016-05-12T14:40:58+0000' | timeago}} • Announcement

$IRBT said its Lead Independent Director, Deborah Ellinger, issued open letter to its shareholders. $IRBT recommended that its shareholders vote FOR its highly-qualified and experienced director nominees -- Mohamad Ali and Michael Bell -- on the WHITE proxy card at the company's Annual Meeting.

$IRBT {{ '2016-05-10T16:12:10+0000' | timeago}} • Announcement

$IRBT said it issued statement in response to a report by Institutional Shareholder Services regarding the election of directors to its BoD at 2016 Annual Meeting to be held on May 25. $IRBT strongly believes that ISS reached the wrong conclusion. The company recommends shareholders vote FOR ALL $IRBT nominees on the WHITE proxy card.

$IRBT {{ '2016-03-14T13:10:48+0000' | timeago}} • Announcement

Robotic technology-based solutions company $IRBT said it has appointed Michael Bell to the BoD, effective immediately. George McNamee will retire from the Board following the end of his term at the Annual Meeting. The BoD also named Deborah Ellinger as Lead Independent Director, effective immediately.

$IRBT {{ '2016-03-01T15:00:51+0000' | timeago}} • Announcement

Technology company $IRBT said that it has entered into an accelerated stock repurchase agreement with JPMorgan Chase Bank NA to repurchase an aggregate of $85MM of $IRBT's common stock. The final settlement of the transactions under the ASR Agreement is scheduled to occur in 3Q16.

$IRBT {{ '2016-02-04T18:53:08+0000' | timeago}} • Announcement

Robotics firm $IRBT said it signed a definitive agreement to sell its Defense and Security business to Arlington Capital Partners for $45MM. The anticipated financial impact of the divestiture will be revealed in $IRBT's 4Q15 results, the company said.

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