Popular household robot manufacturer iRobot has this month announced that it plans to sell off the military side of its business.
UPDATE 05/04/16 iRobot yesterday announced that it has closed the previously announced sale of its Defense & Security business to Arlington Capital Partners for up to $45m in total consideration, including a contingent payment based on achieving certain milestones. Proceeds from the sale will be used for iRobot’s previously announced $85 million Accelerated Share Repurchase. As…
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