Amazon buys shipping robotics firm

PO Management

Tuesday, March 20, 2012

Amazon.com will spend $775 million in cash for Kiva Systems, a material handling technology company that’s known for its automated warehouse fulfillment systems. The acquisition is part of Amazon’s continued spending on facilities and operations to enhance its growing business. This is Amazon’s second largest acquisition behind its $896.4 million purchase of Zappos.com in 2009. Kiva’s stockholders have already approved the deal and the companies expect to cl...

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