Roomba Maker Files For Bankruptcy
Summary
The company that makes the Roomba robot vacuum, iRobot Corporation, has filed for bankruptcy after 35 years. They are seeking financial protection through Chapter 11 and expect to be bought by PICEA Robotics, their main manufacturer and lender.Key Facts
- iRobot Corporation, known for Roomba vacuums, has filed for Chapter 11 bankruptcy.
- The company has been in business for 35 years.
- They reported having assets and liabilities both totaling $480.3 million.
- Shenzhen-based PICEA Robotics will fully acquire iRobot Corporation.
- iRobot aims to finish the bankruptcy process by February.
- The company assures that their services and products will continue without disruption.
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