Roomba maker iRobot has filed for bankruptcy in the US and will be bought out by its Chinese manufacturer and supplier after the robotic vacuum cleaner firm came under pressure from cheaper rivals.
US-listed iRobot said on Sunday it had filed for Chapter 11 bankruptcy as part of a restructuring that will see Shenzhen-based Picea Robotics – its lender and main supplier – acquire all of iRobot’s shares.
