Multi-channel commerce platform company Shopify has reached an agreement to acquire 6 River Systems, a provider of collaborative warehouse fulfillment solutions. The transaction is pegged at a $450 million valuation.
With the acquisition of 6 River Systems, Shopify will add a team with experience in fulfillment software and robotics, said the company in a statement. Yes.. ‘robotics’ is indeed the buzz word here. Shopify will be adding 6 River Systems’ cloud-based software and collaborative mobile robots called “Chuck” to its fulfillment network; empowering on-site associates with daily tasks, including inventory replenishment, picking, sorting and packing. according to the company.
Subject to various closing conditions, the acquisition is expected to close in the fourth quarter of 2019.
[Image courtesy: 6 River Systems]