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Amazon Hires Robots to Ship
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Joined: 24 Feb 2005
Posts: 12601
Location: Texas

Posted: Fri Mar 23, 2012 10:53 am    Post subject: Amazon Hires Robots to Ship  

Amazon will pay $775 million to buy up Kiva Systems, a company that makes robotics technology. The purchase could bring new power and efficiency to Amazon's shipping and order fulfillment systems. The company is under intense pressure to keep shipping and supply costs down as demand for its line of Kindle products and other offerings increases.

Amazon (Nasdaq: AMZN) has moved to acquire Kiva Systems, a maker of robotic equipment that services warehouses.

The purchase will be Amazon's biggest since it bought Zappos.com in 2009. Amazon agreed to pay US$775 million for Kiva, which creates equipment, handling technology and software that helps large-scale vendors control inventory and orders. Retailers such as Staples (Nasdaq: SPLS), Gap, Saks Fifth Avenue and Walgreens also use Kiva equipment.

The robots that Kiva produces could help Amazon increase productivity. Amazon expects the deal to close in the second quarter of this year, at which point Kiva will maintain its headquarters in North Reading, Mass.

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