Amazon to Acquire Robotics Firm, Kiva Systems
Amazon will buy Robotics Firm, Kiva Systems for $750 Million
Amazon can now save time and money by making use of robots to navigate their warehouse floors and using barcode stickers, pick up an item to be packed and deliver it to a designated worker. In 2011 alone, Amazon spent about $4 billion in outbound shipping costs.
In Kiva’s Youtube Video, it was said that “By making inventory items move, instead of the workers, they can fulfill orders faster.”
Amazon’s VP of Customer Fulfillment Dave Clark said that:
“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.”
Kiva Systems is definetely a good buy for Amazon because the company is already profitable and boasts of 24 customers including the popular toy store, Toys “R” Us.
The acquisition will be completed in the second quarter of 2012.View Article Source »