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Bloomberg
Amazon.com Inc. has agreed to acquire Eero, a builder of WiFi-networking tools, in another deal aimed at bolstering the retail and technology giant’s home devices business.
Eero, based in San Francisco, makes gadgets that extend WiFi coverage throughout a home using local networking, known as mesh technology, that removes hiccups in broadcasting internet signals.
The companies didn’t disclose the purchase price when they announced the acquisition. Eero has raised $148 million in equity and debt, according to PitchBook Data Inc.
Amazon, builder of hit Echo smart speaker line, is behind a growing range of home electronics, from Fire TV streaming sticks to a voice-controlled microwave. Last year, the company bought Ring, a builder of video doorbells and home security gear.