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Pool Robot Maker Maytronics Recalls Product Over Fire Risk

By נבו שפירOngoing story · 2 updates
Translated & summarized from Globes by baba
The story · English

Pool cleaning robot manufacturer Maytronics, controlled by Kibbutz Yizrael, has announced a recall of its Niya Aquasweep S10 cordless pool vacuum due to a risk of overheating and potential ignition. The company is urging owners of the black vacuum, model number IL-9997301, manufactured in China by Hongkong Yimu Technology Limited / Lydsto and sold in Israel between April 23, 2023, and August 14, 2026, to immediately stop using and charging the device and contact Maytronics for its collection.

An internal investigation revealed that a defect in some units could compromise the product's mechanical integrity, leading to cracks. These cracks may allow water to enter the motor unit, potentially causing a short circuit, overheating, and in extreme cases, ignition and fire. Maytronics advises users to keep affected devices away from children and flammable materials, store them in a dry, ventilated area, and contact the company to arrange for collection and receive appropriate compensation or resolution.

The recall was coordinated with the Israeli Ministry of Economy and Industry's Standardization Authority. This product recall comes at a particularly challenging time for Maytronics, once a prominent Israeli kibbutz industry company that reached a market value of over 9 billion shekels in 2021. In recent years, the company has experienced a significant decline in activity and valuation.

In 2025, Maytronics reported revenues of approximately 1.4 billion shekels and a loss of about 228 million shekels, partly due to inventory and asset write-downs. This downward trend continued into the first half of 2026, with second-quarter revenues dropping 15% year-over-year to around 437.5 million shekels and a net loss of 8 million shekels. For the first half of the year, revenues fell 13% to approximately 747 million shekels, with a total loss of 34.5 million shekels.

The company attributes these declines to a slowdown in the private pool cleaner market, increased competition, reduced sales in Europe, and operational challenges. Amidst its financial difficulties, Maytronics is pursuing further efficiency and liquidity enhancement programs and is in discussions with FIMI fund for an investment that could inject hundreds of millions of shekels to help manage its approximately 600 million shekel debt. If the deal proceeds as planned, Kibbutz Yizrael might lose control of the company it founded over four decades ago.

Read the original at Globes
Full coverage · 5 outlets
100% right-leaningFirst: Ice · 1h ago

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