Shopify boosts delivery network plans with US$450M deal for U.S. robotics company

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

6 River Systems builds systems for automating warehouse operations

Shopify Inc. made a major move to beef up its nascent shipping and delivery network announcing Monday a US$450 million deal to buy 6 River Systems.

With 6 River Systems, Shopify gets a robotics company that builds systems for automating warehouse operations. The Massachusetts-based company was founded in 2015 by executives from Kiva Systems, a robotics a company that was acquired by e-commerce giant Amazon, before Kiva was renamed Amazon Robotics.

The deal is structured with Shopify paying about 60 per cent in cash and 40 per cent in stock. About US$69 million of the stock will vest with the 6 River Systems founders and employees subject to terms associated with stock-based compensation.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 10. in FR

France Dernières Nouvelles, France Actualités