Commerce

Amazon Acquires Warehouse Tech Provider for $775 Million

Published on March 19, 2012
by Tricia Duryee

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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URL: http://allthingsd.com/20120319/amazon-acquires-warehouse-tech-provider-for-775-million/