Case Study: iRobot protects margins from acquisition-driven FX risk with GTreasury

iRobot - Customer Case Study

iRobot, a global consumer robotics company, faced new foreign-currency exposure after acquiring distributors in Japan and Europe that shifted revenue into local currencies. To protect margins and move quickly ahead of deal close, iRobot engaged GTreasury for a rapid, tailored risk-management solution including hedge program design, treasury software and hedge accounting support.

GTreasury implemented customized hedge programs for the Japanese and European acquisitions, put in policies, controls and documentation in time for Day 1 execution, and continues to provide ongoing hedge accounting and consulting support. As a result, iRobot gained predictable USD cash flows and margin protection, reduced the burden on its internal accounting resources, and maintained an effective hedging framework as the company grew from roughly $600M to $1.2B in revenue—half of which is now generated outside the U.S.

iRobot

Mike Laurent

Treasury Manager