On Monday, e-commerce company Shopify announced that it is acquiring warehouse automation startup 6 River Systems for $450 million.
Through the 60% cash and 40% stock deal, Shopify expects to expand its warehouse & deliveries capabilities – thanks to 6 River Systems’ expertise in fulfilment/cloud-based software and robotics solutions. 6 River Systems is well-known for its “Chuck” autonomous vehicles that can move around packages in the warehouse.
Shopify indicated that the acquisition will improve delivery times and lower costs. It has recently launched a new fulfillment service that packs and ships products for sellers for additional charges.