Amazon.com Inc. To Buy Kiva Systems Inc. for $775 million.

03/20/12, 11:22 AM | Industrial Robotics

The all-cash deal for closely held Kiva will close in the second quarter, Seattle-based Amazon said today in a statement. Kiva’s orange robots, which can slide under shelves and bins of products, are used by Quidsi Inc. -- the company behind Soap.com and Diapers.com that Amazon acquired for about $545 million last year.

Kiva, whose headquarters will remain in North Reading, Massachusetts, will help Amazon make shipping more efficient, the company said.

“Amazon has long used automation in its fulfillment centers, and Kiva’s technology is another way to improve productivity by bringing the products directly to employees to pick, pack and stow,” Dave Clark, vice president of global customer fulfillment at Amazon, said in the statement.

Bloomberg has the entire financial details here.

More Industrial Robotics Stories | Articles | News

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

REIKU's Cable Saver™ - The Most Versatile Modular Robotic Cable Management Solution

REIKU's Cable Saver™ Solution eliminates downtime, loss of revenue, expensive cable and hose replacement costs, maintenance labor costs. It's available in three sizes 36, 52 and 70 mm. All of the robots cables and hoses are protected when routed through the Cable Saver™ corrugated tubing.The Cable Saver™ uses a spring retraction system housed inside the Energy Tube™ to keep this service loop out of harms way in safe location at the rear of the Robot when not required. The Cable Saver™ is a COMPLETE solution for any make or model of robot. It installs quickly-on either side of the robot and has been tested to resist over 15 million repetitive cycles. REIKU is committed to providing the most modular, effective options for ensuring your robotic components operate without downtime due to cable management. www.CableSaver.com

More Products

Feature Your Product