Walmart invests in automation as it sells robotics arm
The retail giant will fund the buildout of more than 400 accelerated pickup and delivery centers as part of its agreement with Symbotic.
DC Velocity26d
Symbotic buys Walmart’s robotics arm to develop its in-store e-commerce centers
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a ...
Yahoo Finance26d
Symbotic inks deal to acquire Walmart's robotics arm. Stock jumps.
AI-powered warehouse operator Symbotic is set to acquire Walmart's robotics business in a deal valued at over $500 million.Julie Hyman and Josh Lipton expand more upon the details of this deal and ...
Hosted on MSN17d
Why AI Robotics Stock Symbotic Jumped 14% This Week
Symbotic builds and deploys automation systems for warehouses, distribution centers, and supply chains. Its fully autonomous, artificial intelligence (AI)-enabled robots are already deployed in ...
Seeking Alpha3d
Symbotic: Organic Growth Headwinds Mounting
Symbotic's revenue is extremely concentrated, and the recent acquisition of Walmart's robotics business will only exacerbate this. Symbotic's valuation is still high given its slowing growth ...
TechCrunch26d
Symbotic set to take over Walmart’s robotics business
Walmart and Symbotic announced a deal Tuesday that would find the Massachusetts robotics firm taking control of the mega-retailer’s automation business. Symbotic is paying $200 million in cash ...
Seeking Alpha19d
Symbotic: AI Robotics Platform Boosted By Walmart
The acquisition of Walmart's Advanced Systems and Robotics Business deepens Symbotic's relationship with Walmart, potentially adding $5 billion to its backlog and expanding its market. Symbotic's ...
The Business Journals25d
Robotics firm's shares jump on $200M Walmart deal, further partnership
The retailer accounted for approximately 87% of Symbotic's total revenue of $1.82 billion in the fiscal year ended in September last year. Shares of Symbotic Inc. jumped on Thursday after the ...
AOL26d
Symbotic Soars After Robotics Deal With Walmart - What's Going On?
Symbotic Inc. (NASDAQ:SYM) shares traded higher premarkets on Thursday after the company disclosed a deal to acquire Walmart Inc.‘s (NYSE:WMT) Advanced Systems and Robotics business. The ...
Retail Dive20d
Walmart invests in automation as it sells robotics arm
Walmart is selling its advanced systems and robotics business to Symbotic to improve online order pickup and delivery fulfillment, according to a Jan. 16 press release. Under a development ...
Yahoo Finance26d
Symbotic inks deal to acquire Walmart's robotics arm. Stock jumps.
AI-powered warehouse operator Symbotic (SYM) is set to acquire Walmart's (WMT) robotics business in a deal valued at over $500 million. Julie Hyman and Josh Lipton expand more upon the details of this ...