Another big robot acquisition: Amazon buys Kiva Systems
by
Frank Tobe
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
guest author
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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