Loading...
Loading...
Browse all stories on DeepNewz
VisitSymbotic Acquires Walmart's Robotics Division for $520 Million, $200M Cash Upfront, Shares Surge 16.74%
Jan 16, 2025, 12:34 PM
Symbotic Inc. has announced a strategic acquisition of Walmart's Advanced Systems and Robotics division, valued at $520 million. The deal includes an upfront payment of $200 million in cash, with the potential for an additional $350 million in contingent consideration. This acquisition is expected to enhance Symbotic's automated fulfillment capabilities. Following the announcement, Symbotic's shares surged, increasing by 16.74% in premarket trading, reflecting investor confidence in the company's growth prospects stemming from this partnership.
View original story
Markets
No • 50%
Yes • 50%
Official press releases or announcements from Symbotic
Yes • 50%
No • 50%
Official financial statements or press releases from Symbotic
No • 50%
Yes • 50%
Symbotic's share price data available from financial markets or stock exchanges
Expansion of market share • 25%
No significant impact • 25%
Increased revenue • 25%
Increased profitability • 25%
Symbotic's 2025 annual report and financial statements
Amazon Robotics • 25%
None • 25%
Fanuc • 25%
Boston Dynamics • 25%
Market share reports from industry analysts or market research firms
Other regions • 25%
North America • 25%
Europe • 25%
Asia-Pacific • 25%
Symbotic's official announcements or regional market reports