Symbotic to Acquire Walmart’s Advanced Systems and Robotics Business and Sign Related Commercial Agreement

Symbotic Inc. has agreed to acquire the Advanced Systems and Robotics business from Walmart and has signed a commercial agreement with Walmart for the development and deployment of an advanced solution leveraging Symbotic’s A.I.-enabled robotics platform to offer Walmart customers greater shopping convenience through accelerated online pickup and delivery options at stores. The transaction and new agreements could increase Symbotic’s future backlog by more than $5 billion and adds a micro-fulfillment solution that expands its addressable market by more than $300 billion in the United States alone.