iRobot Dives into M&A

Schachter, Ken
September 2008
Red Herring;9/8/2008, p4
Trade Publication
The article reports of the acquisition by Roomba-maker iRobot of Nekton Research, which is developing underwater robots for the military. Analyst Alex Hamilton said that the acquisition is likely to speed up iRobot's entry into the underwater market by 12 to 18 months. According to iRobot, the deal would add $6 million to $8 million in product and contract revenue, but trim $.02 from 2008 earnings per share and $.02 to $.03 from 2009 earnings per share.


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