Deals
Amazon to Buy Kiva Systems in Biggest Deal Since Zappos
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Amazon.com Inc. is making its biggest acquisition since the 2009 purchase of Zappos.com, agreeing to pay $775 million for Kiva Systems Inc., a maker of robots that move items around warehouses.
The all-cash deal for closely held Kiva will close in the second quarter, Seattle-based Amazon said today in a statement. Kiva’s orange robots, which can slide under shelves and bins of products, are used by Quidsi Inc. -- the company behind Soap.com and Diapers.com that Amazon acquired for about $545 million last year.