Big Zip
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More Great Information on Big Zip:
Amazon To Buy Kiva Systems For $775 Million (Huffington post)
* Kiva robots move products around e-commerce warehouses
* Will make Amazon warehouses more efficient - analyst
* Amazon warehouses traditionally less automated
By Alistair Barr
March 19 (Reuters) - Amazon.com Inc said on Monday it agreed to buy Kiva
Systems Inc for $775 million in cash, a deal that will bring more robotic
technology to the e-commerce company's giant network of warehouses.
The acquisition, which has been approved by Kiva's stockholders, is expected
to close in the second quarter of 2012, Amazon added in a statement.
Kiva develops robots that zip around warehouses, grabbing and moving shelves
and crates full of products. The technology helps retailers fulfill online
orders quickly and with fewer workers. Companies including Gap Inc, Staples
Inc and Crate & Barrel, have used the technology.
Amazon has traditionally used more employees in its warehouses, or fulfillment
centers as they are known. However, Kiva's robots have Been Used by other
e-commerce companies acquired by Amazon in recent years, such as Quidsi and
Zappos.
"This is a way to improve efficiency," said Scott Tilghman, an analyst at
Caris & Company. "Given the scale of Amazon's operations, it makes sense to
have this capability in house."
Fulfillment centers are ...