Amazon.com is Buying North Reading Business for $775 Million
Kiva Systems, which is based on Riverpark Drive, manufactures robots in its North Reading facility.
Internet giant Amazon.com is buying North Reading’s Kiva Systems Inc., for $775 million. Kiva Systems, which is based on Riverpark Drive near Concord Street and Route 93, develops mobile-robotic solutions that automatically fill eCommerce orders for companies like Staples and Boston Scientific. With about 120,000 square feet of space for engineering, Kiva Systems manufactures the robots on site. "Amazon has long used automation in its fulfillment centers, 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 fulfillment, Amazon.com. "Kiva shares our passion for invention, and we look forward to supporting their …
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Bill
2:20 pm on Sunday, March 25, 2012
I hope this is start to drive more tech business into this town. more ›