Amazon Acquires Robot-Coordinated Order Fulfillment Company Kiva Systems For $775 Million In Cash

Amazon has just announced that it will acquire order fulfillment company Kiva Systems for $775 million in cash. We've embedded the release below. Kiva Systems' interconnected hardware and software package is designed to streamline the process of picking, packing and shipping e-commerce products for delivery. The company uses hundreds of autonomous mobile robots and a sophisticated control software, to provide a fulfillment system for retailers.

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