Amazon has moved to acquire Kiva Systems, a maker of robotic equipment that services warehouses. The purchase will be Amazon’s biggest since it bought Zappos.com in 2009. Amazon agreed to pay $775 million for Kiva, which creates equipment, handling technology and software that helps large-scale vendors control inventory and orders. Retailers such as Staples, Gap, Saks Fifth Avenue and Walgreens also use Kiva equipment. The robots that Kiva produces could help Amazon increase productivity.
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Amazon Hires Robots to Ship Harder, Better, Faster, Stronger
Posted by: Rachelle Dragani March 20, 2012 10:58 AMAmazon has moved to acquire Kiva Systems, a maker of robotic equipment that services warehouses. The purchase will be Amazon’s biggest since it bought Zappos.com in 2009. Amazon agreed to pay $775 million for Kiva, which creates equipment, handling technology and software that helps large-scale vendors control inventory and orders. Retailers such as Staples, Gap, Saks Fifth Avenue and Walgreens also use Kiva equipment. The robots that Kiva produces could help Amazon increase productivity.