Commercial Robotics

Amazon to buy Kiva Systems for $775 Million

Posted 20 Mar 2012 at 05:09 UTC by John_RobotsPodcast Share This

Monday afternoon Amazon and Kiva Systems announced that the companies had reached an agreement whereby Amazon will acquire Kiva Systems for approximately $775 Million in cash, with the deal expected to close next quarter. Kiva Systems produces robotic material handling equipment that brings warehouse inventory to the people who fill orders rather than making them walk the warehouse to find it, as depicted in the above video. Amazon's own warehouse operations have been rapidly expanding, and the company is expected to make good use of Kiva's technology in-house, as well as continuing to offer it to others.

See more of the latest robot news!

Recent blogs

20 Apr 2014 Flanneltron (Journeyer)
19 Apr 2014 mwaibel (Master)
17 Apr 2014 shimniok (Journeyer)
8 Apr 2014 Petar.Kormushev (Master)
6 Apr 2014 steve (Master)
2 Mar 2014 wedesoft (Master)
1 Dec 2013 AI4U (Observer)
13 Nov 2013 jlin (Master)
23 Jun 2013 Mubot (Master)
13 May 2013 JLaplace (Observer)
X
Share this page