Thursday, March 22, 2012

Amazon.com to Acquire Manufacturer of Robotics


A Kiva robot moves a shelf at a warehouse in Fayetteville, Ark.Beth Hall/Bloomberg NewsA Kiva robot moves a shelf at a warehouse in Fayetteville, Ark.
Amazon.com is buying an army of robots.
The online retailer announced on Monday that it is acquiring Kiva Systems, a maker of robots that service warehouses, for $775 million in cash. Amazon, a  customer of Kiva’s, is buying the robotics company as it builds out its vast network of warehouses and tries to improve its margins.
“Amazon has long used automation in its fulfillment centers, and Kiva’s technology is another way to improve productivity by bringing the products directly to employees to pick, pack and stow,” Dave Clark, Amazon.com’s vice president of global customer fulfillment said in a statement. “Kiva shares our passion for invention.”
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