Amazon Acquires Kiva Systems for $775 Million

Posted on March 25, 2012, Inc. has announced plans to acquire Kiva Systems, Inc., a developer of robotic package handling technology. Kiva Systems' headquarters will remain in North Reading, Massachusetts.

Here is an interesting video from IEEE Spectrum that shows how Kiva's automated package handling system works. The video is called Magic Shelf. Take a look:

The Kiva Systems division has now been named Amazon Robotics.