News

Amazon buying Kiva Systems for $775 M

March 20, 2012

Amazon.com Inc. is buying logistics technology company Kiva Systems Inc. for about $775 million in cash, according to a story on MarketWatch.

Privately held Kiva, based in Massachusetts, provides machines and software to help businesses improve the way they ship and handle materials. Many of its automated products help bring materials to warehouse workers more quickly, speeding the shipping process.

The latest deal extends Amazon's long-running investment campaign to improve its distribution network and digital offerings, according to the story.

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