Amazon.com acquired Kiva Systems, Inc. for approximately $775 million, a transaction announced in March 2012, structured as all cash.
Kiva Systems, Inc. operates in Operations / Fulfillment automation, is based in North Reading, Massachusetts, USA. Amazon acquired Kiva Systems, an innovator in warehouse material-handling robotics that moves shelves of products directly to workers for picking, packing and stowing. The technology became the foundation of Amazon Robotics and reshaped fulfillment-center productivity. Kiva's headquarters remained in North Reading, Massachusetts.
Improve fulfillment-center productivity through automation that brings products directly to employees.
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 shares our passion for invention, and we look forward to supporting their continued growth.Dave Clark, VP of Global Customer Fulfillment, Amazon.com
For the past ten years, the Kiva team has been focused on creating innovative material handling technologies. I'm delighted that Amazon is supporting our growth so that we can provide even more valuable solutions in the coming years.Mick Mountz, CEO and Founder, Kiva Systems
Advisory firms were not disclosed for this transaction.