Amazon do always good to add more and more products base in its company inventory, but yesterday company hit a more better mark with the acquisition of robot-based warehouse stocking company name Kiva Systems, which provides automation technology in distribution centers. The deal was done in cash and for $775 million. With this, the company has added 17 new facilities making a total of 69 centers. The acquisition is expected to close in the second quarter of 2012.
“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,” said Dave Clark, vice president, global customer fulfillment, Amazon.com. “Kiva shares our passion for invention, and we look forward to supporting their continued growth.”