Picea Completes Acquisition of iRobot Following Restructuring

iRobot completed its court-supervised transaction with Picea on January 23, 2026, becoming a privately held company wholly owned by the manufacturing group. In its completion announcement, iRobot said Picea had acquired 100% of its equity and that it had emerged from the prepackaged Chapter 11 process.

The closing followed the restructuring agreement announced in December 2025. Picea was already iRobot's primary contract manufacturer and secured lender, and had provided liquidity and operational support during the restructuring. The transaction changed that relationship by placing ownership with the same group.

iRobot said it would retain its headquarters in Bedford, Massachusetts. Engineering, product development, marketing and other corporate functions would remain anchored in the United States. Management presented the completed restructuring as a stronger financial base for continued product development and customer support.

The company also described iRobot Safe, a separate U.S. subsidiary established to protect U.S. consumer data. Its proposed safeguards included an independent board of U.S. citizens and a U.S.-based data security officer. The structure was intended to separate data governance from non-U.S. ownership, making consumer-data management an explicit part of the completed transaction's operating framework.