Neato Robotics, which mainly makes robotic vacuum cleaners for the home, has been acquired by Vorwerk. Terms of the transaction were not disclosed.
Vorwerk first invested in Neato Robotics in 2010. With this acquisition, the German family-owned enterprise says it is enhancing its strategic position on the emerging global market for home robot vacuums.
Neato will operate within the Vorwerk Group as a wholly owned independent business unit, with its own brand identity and corporate culture. There will be no changes to leadership or daily operations. [Read more…] about Household appliances maker Vorwerk acquires Neato Robotics












