Amazon Is Using 'Acquisition' Of Robotic Companies for Autonomous Growth

IndustryTrends

Amazon acquired Cloostermans, a  Belgian Robotics company, it has been using the services since 2019 for eCommerce operations and scaling up its R&D and deployment operations.

Reports point out that it has been ramping up robotic acquisitions to meet the staff shortage arising out of its ever-expanding business operations.

Around 200 Cloostermans’ employees would join Amazon’s workforce and will continue its operations from its base, located in Hamme after the deal concludes.

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

Read More Stories