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Amazon to Acquire Robotic Order Fulfillment Company KIVA Systems

by Todd Haselton | March 19, 2012March 19, 2012 4:00 pm PDT

Amazon and you're done

Amazon announced on Monday that it plans to acquire KIVA systems, a company that uses “hundreds of autonomous mobile robots and sophisticated control software” to help other companies fulfill and ship orders. “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,” Dave Clark, vice president, global customer fulfillment, Amazon.com said. “Kiva shares our passion for invention, and we look forward to supporting their continued growth.” Amazon said it is purchasing all of the outstanding shares of KIVA for $775 million in cash and that the acquisition is expected to close during the second half of this year.

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Amazon.com to Acquire Kiva Systems, Inc.

SEATTLE–(BUSINESS WIRE)–Mar. 19, 2012– Amazon.com, Inc. (NASDAQ:AMZN) today announced that it has reached an agreement to acquireKiva Systems, Inc., a leading innovator of material handling technology.

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

“For the past ten years, the Kiva team has been focused on creating innovative material handling technologies,” said Mick Mountz, CEO and founder of Kiva Systems. “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, Massachusetts.

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.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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