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Another big robot acquisition: Amazon buys Kiva Systems

March 19, 2012

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.

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

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