Business

Amazon buys robot maker Kiva for $775m

Deal for North Reading company is 2d-largest by online retailer

Amazon.com Inc. has agreed to buy warehouse robot maker Kiva Systems Inc. of North Reading for $775 million in cash, both companies said on Monday, in the second-largest acquisition ever made by the giant e-commerce firm.

The deal is expected to be finalized in the second quarter of 2012, according to a release from Amazon, and Kiva’s headquarters will remain in North Reading.

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