Wednesday, May 2, 2012
Amazon Completes Acquisition of Kiva Systems
Seattle-based Amazon said yesterday in a filing with the SEC that it has completed its acquisition of Kiva Systems, the developer of robotic material handling systems aimed at the warehouse market. Amazon had originally announced the acquisition in March, saying that it would pay $775M in cash for Kiva's robotics technology and know-how. Kiva, which was based in Massachusetts, develops robotics systems which are used to replace workers in warehouses, to pick, pack, and fill orders without the need for manual intervention. Those operations are a major part of Amazon.com's operations, and also one of the company's major costs, via the many employees it has manning its distribution centers nationwide.