iRobot buys rival Evolution Robotics for $74 million
 

iRobot celebrated Roomba's 10th birthday quietly teeing up a $74 million acquisition of rival Evolution Robotics Inc. The Pasadena-based company produces the Mint, a hard-floor 'bot that uses ordinary Swiffer pads to wet-wipe your wooden decks clean -- and comes with the more sophisticated "Northstar" GPS-style positioning tech. As part of the deal, Evolution CEO Paolo Pirjanian will become iRobot's new CTO and the Mint and Mint Plus will be folded into the company's stable of Roomba cleaners -- with the deal expected to be fully approved by the fourth quarter of the year.

http://www.engadget.com/2012/09/18/i...n-to-expand-h/