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Business/Financial

Arlington Capital To Acquire iRobot’s Defense And Security Business

By Cal Biesecker

Thursday, February 4th, 2016

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Arlington Capital To Acquire iRobot’s Defense And Security Business

510 PackBot Photo: iRobot

Arlington Capital Partners on Thursday said it has agreed to acquire the military and security ground robotics operations of iRobot [IRBT] and is turning its focus to its home robots business, which generates about 90 percent of annual sales.iRobot said the deal price is upward of $45 million, including contingent payment based on meeting certain milestones. The transaction is expected to close in the next few months.The pending divestiture ends a nearly two-year review of strategic alternatives of the Defense…

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