Symbotic Takes Charge of Walmart's Robotics Business in $200M Deal

Symbotic Takes Charge of Walmart's Robotics Business in $200M Deal
Symbotic has secured a significant deal with Walmart, acquiring control of its automation business for $200 million in cash, alongside up to $350 million in contingent payments. This partnership enhances Symbotic's role as a key technology supplier for Walmart, which has been utilizing its automated systems since 2017. The deal, expected to close in Q2 2025, includes Walmart paying Symbotic a total of $520 million, reinforcing their long-standing relationship. The implications for Symbotic's contracts with other clients remain uncertain.