# 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.

- Type: Acquisition
- Announced: 2017-09-20
- Status: announced
- Products: home robot vacuums
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Vorwerk Group](https://endata.com/companies/27033.md) (acquirer)
- [Neato Robotics](https://endata.com/companies/27034.md) (target)

## Sources

- [econotimes.com](https://econotimes.com/Neato-Robotics-Acquired-by-Vorwerk-Continuing-Focus-on-Growth-Innovation-and-Market-Expansion-909791), 2017-09-20: "Neato Robotics, leader in smart robots for the home, today announced its been acquired by German based Vorwerk Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.