Event
Amazon agrees to acquire warehouse robotics company Kiva Systems
Evidence notes
- Amazon announced an agreement to acquire Kiva Systems, a developer of material handling technology.
- The company said the deal was valued at approximately $775 million in cash, subject to adjustments and closing conditions.
- Amazon said Kiva's technology would support fulfillment-center productivity by bringing products directly to employees for pick, pack, and stow work.
Company context
Amazon operates one of the world's largest robotics-enabled logistics networks, integrating mobile robots, picking systems and warehouse automation across fulfillment, sorting and last-mile operations.
Context
- Company
- Amazon
- Segment
- Logistics
- Event type
- Acquisition
- Added to Korthos
- Mar 19, 2012
- Geography
- Seattle · United States