Subscribe to our free, weekly email newsletter!


Amazon.com to acquire Kiva Systems

Amazon.com, Inc. has announced that it has reached an agreement to acquire Kiva Systems, a developer of mobile-robotic solutions that automate eCommerce order fulfillment and warehouse operations, for $775 million.
image

Kiva Systems, maker of mobile robotic warehouse solutions, has been acquired by retail giant Amazon.com

By Modern Materials Handling Staff
March 19, 2012

Amazon.com, Inc. has announced that it has reached an agreement to acquire Kiva Systems, a developer of mobile-robotic solutions that automate eCommerce order fulfillment and warehouse operations.

“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,” said Dave Clark, vice president of global customer fulfillment for Amazon.com. “Kiva shares our passion for invention, and we look forward to supporting their continued growth.”

“For the past 10 years, the Kiva team has been focused on creating innovative material handling technologies,” said Mick Mountz, CEO and founder of Kiva Systems in a statement. “I’m delighted that Amazon is supporting our growth so that we can provide even more valuable solutions in the coming years.”

Following the acquisition, Kiva Systems’ headquarters will remain in North Reading, Mass.

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.

Amazon/Kiva deal: Wow!
“I’m shocked.” Those were the first words out of my mouth when a reporter from the Boston Globe asked me last night what I thought of the purchase of Kiva Systems by Amazon for $775 million.

Kiva Systems makes Fast Company list of innovative companies
Kiva Systems, a developer of mobile-robotic solutions that automate eCommerce order fulfillment and warehouse operations, was ranked No. 23 in Fast Company Magazine’s recent list of the World’s 50 Most Innovative Companies.

Office Depot: Flexible automation
Mobile robotics is powering Office Depot’s new demand-driven distribution center.

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

You realize the power and necessity of mobile and wireless technology; however, pulling the trigger to change internal processes (and write those big checks) is another matter entirely. Whether your organization is moving from "pencil" procedures or upgrading, you cannot afford to be wrong when making these critical decisions.

FedEx said GENCO will continue to operate as an independent company until the deal is complete in early 2015.

An estimated 250 technicians are to complete a two-week training program within the first year.

After the check presentation, the team scored another four touchdowns to total $59,000.

Winners to be announced at April forum focusing on best practices, challenges, and benefits associated with reusables in a supply chain.



© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA