Amazon completes Kiva deal, welcomes its new warehouse robot overlords
May 1, 2012
Amazon today finished its $775 million purchase of Kiva Systems, the Massachusetts-based maker of automation technology for fulfillment centers — better known as warehouse robots. The company disclosed the completion of the deal in a (very) brief regulatory filing. Amazon had announced the acquisition agreement in March. Kiva’s customers include drugstore.com, Gilt Group, Dansko, Gap, Toys R Us, Office Depot, Walgreen’s, GAP and Staples, in addition to Amazon-owned Quidsi, the company behind Diapers.com. In many cases, those companies compete with Amazon, but the Seattle company said previously that Kiva customers would “continue to receive service and support after the transaction.” Read more here.