Shopify to acquire 6 River Systems for USD 450 mln

Thursday 12 September 2019 13:01 CET | News

Shopify has announced it will acquire 6 River Systems – a startup focused on fulfillment automation for ecommerce and retail operation – for about USD 450 million.

US-based 6 River sells a self-driving cart system called “Chuck” that guides workers through warehouse aisles to pick customer orders in the most systematic way possible.

The deal, which consists of about 60% in cash and 40% in Shopify Class A subordinate voting shares, will have no material impact to Shopify’s revenue in 2019, the Canada-based ecommerce company said. Shopify expects the deal to close in the fourth quarter of 2019.

Earlier in 2019, SureDone, which automates the online commerce of brands and sellers, has announced the integration of Shopify and Shopify Plus into its multichannel platform.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Shopify, 6 River Systems, startup, ecommerce, retail
Countries: World