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Another big robot acquisition: Amazon buys Kiva Systems
Posted 03/19/12 at 02:42 PM
... Amazon (NASDAQ:AMZN) will acquire privately-held Kiva Systems for approximately $775 million!
... Kiva’s novel warehousing system uses robots to bring the shelves to the picker and packer instead of vice versa.
... The acquisition is expected to close next quarter.
