Another big robot acquisition: Amazon buys Kiva Systems

by Frank Tobe

19 March 2012

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… 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.

tags: Amazon, Kiva Systems

Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

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