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Symbotic ( (SYM) ) has provided an update.
On January 15, 2025, Symbotic Inc. agreed to acquire Walmart’s Advanced Systems & Robotics business, strengthening their long-term partnership to automate Walmart’s supply chain. This acquisition, along with a new Commercial Agreement, aims to enhance Walmart’s Accelerated Pickup and Delivery systems, potentially adding over $5 billion to Symbotic’s future backlog and expanding its market reach by $300 billion in the U.S. The transaction includes a $200 million cash payment and contingent considerations up to $350 million, contingent on the number of systems ordered. This strategic move is expected to close in Symbotic’s fiscal second quarter of 2025, further integrating Symbotic’s technology into Walmart’s operations.
More about Symbotic
Symbotic Inc., headquartered in Wilmington, Massachusetts, is a leader in automation technology, specifically focusing on A.I.-enabled robotics for the supply chain. The company reimagines warehouse and distribution processes for major retail, wholesale, and food and beverage companies, enhancing the speed, accuracy, and efficiency of goods movement using advanced software and robotic platforms.
YTD Price Performance: 8.34%
Average Trading Volume: 2,398,946
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.76B
See more data about SYM stock on TipRanks’ Stock Analysis page.
