Amazon agrees to acquire Kiva Systems for approximately $775 million
Amazon announced an agreement to acquire all outstanding shares of Kiva Systems for approximately $775 million in cash, subject to closing conditions.
Evidence notes
- Amazon signed an agreement to acquire all outstanding Kiva Systems shares for approximately $775 million in cash.
- The transaction remained subject to closing conditions and was expected to close in the second quarter of 2012.
- Kiva Systems was to retain its North Reading, Massachusetts headquarters following the acquisition.
Company context
Amazon Robotics develops mobile robots, manipulation systems and AI orchestration for Amazon fulfillment operations. Its fleet spans goods-to-person drive units, autonomous mobile robots, robotic arms and integrated inventory-handling systems.