CDH Fund V, L.P., a private equity fund managed by CDH Investments, has entered into a definitive agreement to purchase a “significant equity interest” in SharkNinja.
Samsung has appointed Tim Baxter to the position of president and CEO of Samsung Electronics North America, effective immediately.
Electrolux is expanding its investment in its Springfield, Tennessee, manufacturing facility. The $20 million capital investment follows a $25 million investment announced last year.
LG Electronics has launched an informative online video featuring “The Jetsons,” aimed at showcasing the company’s present and future line of connected home appliances powered by its LG SmartThinQ technology.
The U.S. International Trade Commission (ITC) has voted to institute an investigation of certain robotic vacuum cleaning devices and components based on a complaint filed by iRobot Corporation, according to the company. The complaint, filed April 18 by iRobot, alleges infringement of six U.S. patents against several robotic vacuum manufacturers.
iRobot has extended the availability of its cloud-connected cleaning with the launch of the Roomba 890 and Roomba 690 WiFi connected vacuuming robots. The company has also launched an Amazon Alexa skill for U.S. customers of WiFi connected Roomba robotic vacuums.