Tuesday, March 20, 2012

Amazon kiva

  • Amazon.com Inc. (AMZN) is making its biggest acquisition since the 2009 purchase of Zappos.com, agreeing to pay $775 million for Kiva Systems Inc., a maker of robots that move items around warehouses.
  • (Bloomberg)
  • SEATTLE, Mar 19, 2012 (BUSINESS WIRE) -- Amazon.com, Inc. (NASDAQ:AMZN) today announced that it has reached an agreement to acquire Kiva Systems, Inc., a leading innovator of material handling technology.
  • (CNBC)
  • First, Amazon.com acquired Diapers.com and Zappos.com, two e-tailers that that rely on robotic systems from Kiva Systems to help run their warehouses more efficiently.
  • (Boston Globe)
  • Amazon.com Inc. has agreed to buy Kiva Systems, which makes robots and software to help companies fulfill orders, for $775 million in cash.
  • (ABC News)
  • Amazon has just announced that it will acquire order fulfillment company Kiva Systems for $775 million in cash. We've embedded the release below.
  • (TechCrunch)
  • 7. Kivas 250 employees wont be going anywhere — the companys headquarters will remain in North Reading, according to Amazon. 8. The acquisition is the second-largest ever for Amazon, behind only the companys $1.2 billion acquisition of Zappos in 2009.
  • (The Business Journal)
  • Kiva says its robotic systems can allow operators to process two to three times as many orders per hour as they normally would. Among its clients are Crate Barrell, Boston Scientific, Gap, Staples and Drugstore.com.
  • (Wall Street Journal)
  • 3-19-12-Amazon.com (NASDAQ:AMZN) announced it would acquire Kiva Systems for approximately $775 million. The deal is still subject to various closing conditions. The acquisition is expected to close in the second quarter of 2012.
  • (Comtex Smartrend)
  • Amazon has announced that it has moved to acquire Kiva Systems, a company that specializes in robotic warehouse technology.
  • (Electronista)
  • The move is targeted at the online retail giants distribution centers, where Kiva-designed robots may help the company further automate the management of its inventory, in favor of more mechanical warehousing systems like conveyor belts and carousels.
  • (TheStreet.com)

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