The Vorwek Group announced in a press release late last week that it will be shutting down Neato Robotics, a robotic vacuum manufacturer.

German appliance maker Vorwerk Group this week acquired Neato Robotics, a California company developing smart home-based robots. “Today marks a significant milestone for Neato, and I am honored to be leading this team,” Neato Robotics chairman and CEO Giacomo Marini said in a press release. “We are bringing together a powerful combination of technology and talent uniquely positioned…