iRobot acquired by Picea following Chapter 11 bankruptcy

iRobot, the maker of the Roomba robot vacuum has filed for Chapter 11 bankruptcy, and has been acquired by Chinese robot manufacturer Picea Robotics. According to a statement on its website, iRobot describes its arrangement as a “Restructuring Support Agreement (the “RSA”) with its secured lender and its primary contract manufacturer, Shenzhen PICEA Robotics Co., […]