Symbotic to acquire Walmart robotics unit for $200M and build new systems – The Robot Report
Symbotic provides robots and dense storage for warehouse operators and major retailers. Source: Symbotic Symbotic Inc. today said that it will acquire Walmart Inc.’s Advanced Systems and Robotics business. The supply chain robotics company said the transaction expands its relationship with Walmart with the goal of “developing an integrated supply chain.” The total consideration for Symbotic’s acquisition is $200 million in cash at close, subject to customary adjustments, and up to $350 million in additional