Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process.

Robot survived three decades of competition, but couldn't survive European regulators killing its Amazon buyout. Now it's being taken over by its own supplier in bankruptcy court.

The suburban Boston company behind the popular Roomba vacuum cleaner is declaring bankruptcy.iRobot announced that it filed for Chapter 11 bankruptcy protection in a news release on Sunday, Dec. 14. The company will go

Robot, the company that brought robotic vacuum cleaners into millions of homes worldwide, has filed for Chapter 11 bankruptcy protection after 35 years in business.

Robot has begun bankruptcy proceedings under which its Chinese creditors will acquire the consumer robot company and continue the brand.

Vacuum cleaning robot manufacturer iRobot has filed for insolvency. It is to be saved by Chinese supplier Picea, which is taking over the company completely.