March 20, 2012 at 18:02Amazon buys robot company for $ 775 million
Amazon.com announces the purchase of Kiva Systems Inc. for $ 775 million. This company will automate the logistics of the largest online store using robotics.
Kiva Systems is creating automatic devices that move around the warehouse and move containers with goods, which allows retailers to quickly complete online orders and reduce staff.
Initially, Amazon relied on fast and cheap delivery of a very large assortment of goods, which forced the company to keep large warehouses in the US and Europe. Last year alone, the giant spent about $ 4.6 billion on warehouse management, which was the largest item of its expenses (approximately 9.5% of annual sales).
Kiva Systems is creating automatic devices that move around the warehouse and move containers with goods, which allows retailers to quickly complete online orders and reduce staff.
Initially, Amazon relied on fast and cheap delivery of a very large assortment of goods, which forced the company to keep large warehouses in the US and Europe. Last year alone, the giant spent about $ 4.6 billion on warehouse management, which was the largest item of its expenses (approximately 9.5% of annual sales).