Automation firm Symbotic soars on $200 million deal to buy Walmart's robotics unit
Symbotic's shares jumped about 14% on Thursday after the automation firm said it would buy Walmart's robotics business for $200 million as part of an agreement to expand the retailer's automated supply chain.
Symbotic to Acquire Walmart’s Robotics Business. The Stock Charges Higher.
Walmart selects Symbotic to develop a solution to automate the retailer’s accelerated pickup and delivery centers.
Symbotic to Buy Walmart’s Advanced Systems and Robotics Unit, Signs Commercial Agreement
Technology company Symbotic has struck a deal to expand its partnership with Walmart, taking on a $520 million program to develop an automated delivery platform for Walmart stores while also agreeing to buy the retail giant’s advanced systems and robotics business.
Automation Firm Symbotic Signs $200 Million Deal to Buy Walmart's Robotics Unit
(Reuters) - Symbotic said on Thursday it would buy Walmart's robotics business for $200 million in cash to help expand the retailer's automated supply chain, sending shares of the warehouse robotics firm up 20% in premarket trading.
Symbotic secures Walmart deal for AI-driven automation
WILMINGTON, Mass. - Symbotic Inc. (NASDAQ:SYM), a pioneer in artificial intelligence and robotics for supply chains, has solidified a deal with retail giant Walmart (NYSE:NYSE:WMT), a $733.77 billion market cap company and prominent player in Consumer Staples,
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