UPDATE 1-Shopify to buy warehouse technology provider for $450 mln

Shopify Inc said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network. Shopify unveiled plans in June to spend $1 billion to run a warehousing network in the United States to take on the likes of Amazon.com Inc and eBay Inc. The news follows Amazon’s acquisition of Canvas Technology earlier this year, which has built autonomous carts that move goods around warehouses.

source https://finance.yahoo.com/news/1-shopify-buy-warehouse-technology-004858687.html?.tsrc=rss

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