Amazon.com is buying an army of robots.
The online retailer announced on Monday that it is acquiring Kiva Systems, a maker of robots that service warehouses, for $775 million in cash. Amazon, a customer of Kiva’s, is buying the robotics company as it builds out its vast network of warehouses and tries to improve its margins.
Kiva advise how their system works: “Using hundreds of autonomous mobile robots and sophisticated control software, the Kiva Mobile-robotic Fulfillment System enables extremely fast cycle times with reduced labor requirements, from receiving to picking to shipping. The result is a building that is quick and low-cost to set up, inexpensive to operate and easy to change anywhere in the world.”
You can check out Kiva’s smart robots in action in the ‘Day in the Life of a Kiva Robot’ video below from the Wired Business Conference in 2011.
Kiva ranks as Amazon’s second-largest acquisition, behind its $847 million takeover of the shoe and accessories retailer Zappos.com in 2009.