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Another big robot acquisition: Amazon buys Kiva Systems

… Amazon (NASDAQ:AMZN) will acquire privately-held Kiva Systems for approximately $775 million!
… Kiva’s novel warehousing system uses robots to bring the shelves to the picker and packer instead of vice versa.
… The acquisition is expected…

Amazon (NASDAQ:AMZN) will acquire privately-held Kiva Systems for approximately $775 million!
… Kiva’s novel warehousing system uses robots to bring the shelves to the picker and packer instead of vice versa.
… The acquisition is expected to close next quarter.

By Frank Tobe

Frank Tobe is the owner and publisher of The Robot Report After selling his business and retiring from 25+ years as a provider of computer direct marketing and consulting to the Democratic National Committee, major presidential and other campaigns and initiatives, he has energetically pursued a new career in researching and investing in robotics. In 2013 he co-founded Robo-STOX™ LLC (renamed in 2015 to ROBO-Global) and developed a tracking index for the robotics industry: the ROBO-Global™ Robotics & Automation Index.

Frank is a member of Robohub and also a panel member for panel member for Robohub's Robotics by Invitation series.