iRobot Acquires Evolution Robotics, Makers Of The Mint Robot Vacuum, For $74 Million

Home (and military) robot maker iRobot has just acquired Evolution Robotics, the makers of the Mint floor-cleaning robot with an R&D shop focused on navigational tools. The Mint cleaner will join iRobot's Roomba line. In a press release that touts the move as an expansion of iRobot's "position as global robotic floor care market-leader," the company announced that it paid cash for Evolution out of its own reserves.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/rIm55JzRQ8s/

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