The maker of Roomba robotic vacuums, iRobot Corporation, is now wholly owned by Chinese robotics firm Picea. This transition concludes a court-supervised restructuring process, removing the company from public stock exchanges and leaving former shareholders with nothing. The move ends a period of instability that originated with the collapse of a proposed acquisition by Amazon.
A Pre-Negotiated Path to Debt Reduction
To address its financial challenges, iRobot voluntarily filed for Chapter 11 bankruptcy protection in Delaware in December 2025. This was a “pre-packaged” proceeding, meaning the core terms of the sale to future owner Picea were agreed upon in advance. Picea had already served as iRobot’s primary manufacturing contractor and a secured lender prior to the takeover.
A U.S. bankruptcy court approved the sale plan in January 2026. As a result, iRobot’s common stock has been canceled and its listing on the Nasdaq exchange is terminating. For equity investors, this action signifies a total loss of their investment, with no expectation of recovery.
Key Transaction Details:
* Complete acquisition by Shenzhen PICEA Robotics Co. and Santrum Hong Kong Co.
* Chapter 11 process executed from December 2025 through January 2026.
* Existing shareholders receive no compensation for their canceled shares.
* Immediate delisting from Nasdaq is underway.
* The goal is to cleanse the balance sheet of debt and fund new smart-home robotics investments.
Should investors sell immediately? Or is it worth buying iRobot?
Operations Continue Under New Ownership
Company management emphasizes that day-to-day business will continue without interruption for customers and partners. iRobot’s headquarters will remain in Bedford, Massachusetts, with core U.S. functions operating from that location.
In a notable structural change, iRobot has established a separate U.S. subsidiary focused on data privacy and governance. This arrangement may help alleviate regulatory concerns similar to those that contributed to the failure of the earlier Amazon deal.
From Failed Amazon Deal to Financial Rescue
The acquisition by Picea is a direct consequence of the blocked Amazon takeover attempt in early 2024. Opposition from European antitrust regulators scuttled that deal, leaving iRobot in a precarious financial position. The consumer robotics sector is intensely competitive, and without the resources Amazon would have provided, iRobot struggled to compete independently.
The partnership with Picea is now expected to provide iRobot with enhanced manufacturing scale and potentially lower production costs. Whether this new structure will be sufficient for the company to challenge established rivals remains a key question for the coming quarters.
Ad
iRobot Stock: Buy or Sell?! New iRobot Analysis from February 2 delivers the answer:
The latest iRobot figures speak for themselves: Urgent action needed for iRobot investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from February 2.
iRobot: Buy or sell? Read more here...
