Vorwerk Group acquires Neato Robotics

German-based Vorwerk Group acquired Neato Robotics, a leader in smart home robots. Terms were not disclosed. Neato will operate as a wholly owned independent business unit.

“Neato Robotics, leader in smart robots for the home, today announced its been acquired by German based Vorwerk Group.”econotimes.com

• 1 source
• econotimes.comNeato Robotics Acquired by Vorwerk, Continuing Focus on Growth, Innovation and Market Expansion - EconoTimesNasdaq OMXSep 20, 2017

Summarized from public sources; check the original articles before acting on it.