Amazon.com has acquired Kiva Systems, the manufacturer of warehouse automation robots that are used to great success by Gap, Office Depot, Quidsi and Zappos, among others. The last two of these were acquired by Amazon over the past year.
Under the terms of the agreement, which has been approved by Kiva’s stockholders, Amazon will acquire all of the outstanding shares of Kiva for approximately $775 million in cash, as adjusted for the assumption of options and other items. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2012.
Some videos with Kiva robots in action are below:
Small mobile robots are being increasingly used to automate labor-intensive processes across various industries and are a harbinger of a future of automated, agents with distributed intelligence that can communicate with one another to accomplish large tasks.
- Amazon buys Kiva Systems for $775M – prepare for even smarter warehouses (venturebeat.com)
- Amazon acquiring Kiva Systems for $775 million (zdnet.com)
- Amazon plunks down $775M for order-fulfiller Kiva Systems (news.cnet.com)