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Amazon Invests Further in Warehouse Robotics
Jan. 10, 2019 4:53 AM ET

The need for warehouse automation has led Amazon (NASDAQ:AMZN) to ink a seven-year commercial agreement with robotics firm Balyo (OTCPK:BYYLF) that would allow the e-commerce giant to build a stake of almost a third in the French robotics firm.

The deal could boost sales the latter's self-driving forklift trucks and help Amazon cut costs and speed up deliveries.

Amazon currently uses robots developed by Kiva Systems, a company it bought for $775M in 2012.