Online retailer Amazon is set to make an investment of more than €1 billion to increase the zero-emission fleet of its electric delivery vehicles to at least 10,000 electric delivery vans and over 1,500 electric heavy goods vehicles. The investment is expected to more than double the size of the European package delivery fleet of […]
Amazon acquisition of Cloostermans : Online retailing giant Amazon is acquiring Belgium-based mechatronics company Cloostermans to expand the deployment of robotics for warehouse automation. The financial terms of the deal were not revealed. The acquisition is expected to help the retailer in stepping up the usage of customized technology to innovate the workplace and make […]
E-commerce giant Amazon has signed an all-cash deal worth around $1.7 billion to acquire NASDAQ-listed consumer robot company iRobot. As per the terms of the deal, Amazon is offering to buy iRobot’s shares for $61 per share. The consideration includes the net debt of iRobot, which is engaged in designing and developing thoughtful robots as […]
Amazon has officially opened its new tech office in Boston, Massachusetts where over 2,000 employees will work on inventing and innovating on behalf of the company’s customers. The Boston Tech Hub of Amazon features new office space, innovation labs, as well as mixed-use common areas. Rohit Prasad — Amazon Alexa senior vice president and head […]
Nordex Group has secured an order to supply 22 wind turbines of the Delta4000 series for the 101MW Ardderroo wind farm in Ireland. The name of the customer, as well as the financial terms of the contract, were not revealed by the German wind turbine manufacturer. Nordex Group will supply and install 15 N149/4.X wind […]
ICICI Bank said that it has entered into a partnership with Amazon India to offer individual sellers and small businesses registered on the latter’s online marketplace with InstaOD, an overdraft (OD) facility of up to INR 25 lakhs. The overdraft facility will be delivered instantaneously and digitally, said the Indian private banking group. The partnership […]
E-commerce giant Amazon has opened a new fulfillment center in Montgomery, New York state to cope up with the increasing demands of its customers and in preparation for the approaching holiday season. The Montgomery fulfillment center of Amazon is spread over a million-square-foot. It has a workforce of 800 people, who with the use of […]
E-commerce giant Amazon has opened a new one million-plus square foot fulfillment center in Fargo, the company’s first in North Dakota. According to Amazon, the new facility in Fargo is a non-sortable fulfillment center. Associates at the center will be engaged in picking, packing, and shipping bulky or larger-sized customer items like outdoor equipment, patio […]
Affirm, a US-based financial technology company, has entered into a partnership with e-commerce giant Amazon to offer its payment solution to the latter’s customers at checkout. The two parties are currently testing with select customers and in the near term, the e-commerce retailed will make Affirm’s payment solution more widely available to its customers. According […]
Pennar Group, a Hyderabad-based engineering products and solutions firm, has won orders totaling INR 571 crores across its multiple business verticals. The company’s pre-engineered building vertical won orders for construction of manufacturing plants, solar PV Modules, warehouses, structural steel, and chiller room from customers such as Amazon, Trident, Amyraah Properties, Toyo, UTCL, and others. According […]