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

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.

 

Comments (0)

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


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

OnLogic Helix 401 Fanless Hybrid-Core Computer

OnLogic Helix 401 Fanless Hybrid-Core Computer

OnLogic's Helix 401 Compact Fanless Computer offers scalable, high-performance processing and can simultaneously drive multiple 4K displays, making it the ideal computing platform for many automation and IIoT applications. The Helix 401 has the horsepower to drive mission-critical applications while requiring less than 28W of power, and is small enough to fit in space-constrained locations or enclosures. It can be configured with a range of Intel® 12th generation processors, up to a Core i7 and has Intel Iris® Xe graphics onboard.