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.
About The Author
Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.