Amazon has signed a deal to acquire mesh wi-fi manufacturer Eero strengthening its smart home assistant arm.
Neither company disclosed how much Amazon paid for Eero. According to Bloomberg, Eero has raised $148 million in equity and debt.
Eero’s various products helps users extend the range of their wi-fi through the use of a mesh system.
Dave Limp, SVP of Amazon Devices said, “We are incredibly impressed with the Eero team and how quickly they invented a wi-fi solution that makes connected devices just work.
“We have a shared vision that the smart home experience can get even easier, and we’re committed to continue innovating on behalf of customers.”
Amazon said users can customise an Eero system to meet the needs of their home eliminating dead zones and delivering the bandwidth all connected devices need.
Nick Weaver, co-founder and CEO of Eero said, “From the beginning, eero’s mission has been to make the technology in homes just work.
“We started with wi-fi because it’s the foundation of the modern home. Every customer deserves reliable and secure wi-fi in every room.
“By joining the Amazon family, we’re excited to learn from and work closely with a team that is defining the future of the home, accelerate our mission, and bring Eero systems to more customers around the globe.”
Amazon said the completion of this transaction is subject to customary closing conditions.
The online behemoth recently released its Q4 and full year financial figures where its sales were up 45 per cent to $7.4 billion due to Black Friday and Cyber Monday sales.