Amazon acquires Kiva Systems for $775m

Amazon has reached an agreement to acquire material handling company Kiva Systems for approximately $775m (£488m).

‘Amazon has long used automation in its fulfilment centres, 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 fulfilment at

Following the acquisition, Kiva Systems’ headquarters will remain in North Reading, Massachusetts.

Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2012.