Amazon recently announced their acquisition of iRobot for $1.7 billion!
There’s been a lot of consolidation in the smart-home industry, but the industry is still very fragmented. Big names have begun strengthening their offerings by acquiring smaller companies with deep expertise – companies like ours.
A study of mergers and acquisitions by the Harvard Business Review also shows that industries follow a 25 year cycle, evolving from an industry concentration of under 20% to over 70% upon reaching maturity.
Here are some of the hundreds of acquisitions that have occurred in our space from 2013-2017.
Recent acquisition activity supports this theory, and we expect increased M&A activity as the industry continues to mature.
- Amazon set to acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7 billion.
- Generac Holdings, a leading global designer and manufacturer of energy technology solutions acquired Ecobee in a transaction valued up to $770M.
- Assa Abloy purchases 54% of Swiss-based agta – one of the world’s leading manufacturers of automatic door systems – for $570M.
Backed by the strength of our patents and growing revenues, we may soon become a prime candidate and entry point into the automated window shades market for one of these acquirers.