Amazon Acquires Warehouse Tech Provider for $775 Million

Amazon.com has acquired North Reading, Mass.-based Kiva Systems, which provides automation technology in distribution centers, for $775 million in cash. Amazon takes its warehouse side of the business seriously, adding 17 new facilities — equivalent to millions of square feet — in 2011 for a total of 69 centers. The Seattle-based e-commerce provider said the acquisition is expected to close in the second quarter.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work