iRobot emerges from Chapter 11 as restructured Picea U.S. subsidiary

iRobot and Picea have set up a U.S. subsidiary to safeguard customer data. Source: iRobot

iRobot Corp. is back from bankruptcy with the completion of Shenzhen Picea Robotics Co.’s acquisition of the consumer robotics pioneer. iRobot said it has emerged from a pre-packaged Chapter 11 process “with an improved financial foundation and additional capacity to invest in the next generation of smart home robotics.”

Last month, iRobot announced that it had entered into a restructuring support...