Cham ZG/Bedford - Aeris Cleantec AG has been sold to the American company iRobot Corp for a value in the high two-digit millions range. The company, which was started by two graduates from the Swiss Federal Institute of Technology Zurich, manufactures equipment to purify indoor air from any contaminants.

Aeris Cleantec AG from Cham in the canton of Zug has been sold to iRobot for a value in the high two-digit millions range. Both companies announced this on Thursday in almost identical press releases. iRobot is a home robot company headquartered in Bedford in the American state of Massachusetts.

iRobot acquires Aeris Cleantec
Image: iRobot

Aeris was established in 2015 by two engineering graduates from the Swiss Federal Institute of Technology Zurich (ETH), Pierre Bi and Constantin Overlack. Together, they have since developed a range of high-quality, high-performance air purifiers for both private use and for hospitals, practices, and smaller companies. According to the company’s own information, its filter material catches 99.995 percent of any air pollutants measuring 0.1 microns or bigger. The air filters are already being sold in Asia, Europe, and the USA.

With the sale, Aeris is said to be accelerating the growth of its brand and in one step becoming one of the largest global players in the air purification market. iRobot is providing its marketing capacities, its global network of retail partners and distributors, and an installed base of linked clients across the world for this. The market for air purifiers is estimated to be worth around 5 billion US dollars. It is expected to grow by 10 percent over the next five years.

Both founders will join iRobot and will lead the product area of air purification there, including engineering, product management, and design. All employees, totaling more than 30 members of staff, will be taken on by iRobot. Colin Angle, Chairman and CEO of iRobot, comments: “We are enthusiastic about the growth potential for Aeris' products, especially as the pandemic has raised greater consumer awareness of the value of maintaining a cleaner, healthier home.”

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