Amazon to Acquire Robotics Maker Cloostermans

Amazon to Acquire Robotics Maker Cloostermans

Amazon (NASDAQ: AMZN) has acquired Cloostermans, a company that manufactures machinery to use in warehouses, it revealed Friday.

“Amazon’s investments in robotics and technology are supporting how we build a better and safer workplace for our employees and deliver for our customers,” said Ian Simpson, vice president of Global Robotics at Amazon. “As we continue to broaden and accelerate the robotics and technology we design, engineer, and deploy across our operations, we look forward to welcoming Cloostermans to Amazon and are excited to see what we can build together.”

The e-commerce giant has partnered with Cloostermans in 2019, using its technology to help move and organize heavy palettes and merchandise. Furthermore, the retailer said the technology also helped package items for delivery. Cloostermans will become an official part of Amazon Robotics

“We’re thrilled to be joining the Amazon family and extending the impact we can have at a global scale,” said Frederik Berckmoes-Joos, CEO of Cloostermans. “Amazon has raised the bar for how supply chain technologies can benefit employees and customers, and we’re looking forward to be part of the next chapter of this innovation.”

Amazon has yet to disclose the financial details regarding the agreement but will have about 200 machinists, engineers and other Cloostermans join Amazon.

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!