Symbotic acquires Walmart's Advanced Systems and Robotics business and signs store-automation deal

Symbotic/Symbotic warehouse system

Symbotic completed its purchase of Walmart's Advanced Systems and Robotics business and signed an agreement to automate Walmart's Accelerated Pickup and Delivery centres. Walmart funds development and, if performance criteria are met, commits to systems for 400 stores; Symbotic said the deal could add over $5B to backlog.

• Symbotic acquired Walmart's Advanced Systems and Robotics business.
• Walmart commits to $520 million development funding; $230 million paid at closing.
• If performance targets met, Walmart commits to systems for 400 Accelerated Pickup and Delivery centres.
• Deal could exceed $5 billion in backlog and opens $300+ billion U.S. micro-fulfillment market.