Amazon buys robot-maker

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ref="http://www.cityam.com/company/amazon">Amazon said yesterday it has agreed to buy Kiva Systems for $775m (£488m) in cash, a deal that will bring more robotic technology to the e-commerce company’s giant network of warehouses. The acquisition, which has been approved by Kiva's stockholders, is expected to close in the second quarter of 2012, Amazon added in a statement. Kiva develops robots that zip around warehouses.