Amazon.com is to acquire Kiva Systems, the material handling technology specialist, in a deal worth $775m.
“Amazon has long used automation in its fulfilment centres, and Kiva’s technology is another way to improve productivity by bringing the products directly to employees to pick, pack and stow,” said Dave Clark, vice president, global customer fulfilment at Amazon.com.
Following the acquisition, Kiva Systems’ headquarters will remain in North Reading, Massachusetts.
Mick Mountz, CEO and founder of Kiva Systems, said: “I’m delighted that Amazon is supporting our growth so that we can provide even more valuable solutions in the coming years.”
