Announced
Completed
Financials
Tags
Single Bidder
Majority
technology platform
IT Services: Other
Domestic
United States
Acquisition
Merger
Private Equity
Reverse Takeover
Friendly
Private
De-SPAC
Completed
Synopsis
Symbotic, a technology platform for the supply chain, went public via a SPAC merger with SVF Investment 3 in a $4.8bn deal. Walmart and SoftBank Vision Fund 2 also participated in the deal. “We are thrilled to complete our business combination with Symbotic. We believe Symbotic is years ahead of its peers, with an exceptional technology platform and impressive customer relationships. Symbotic’s ability to execute, from innovation to installation, gives me every confidence the company will be successful in the public markets," Yanni Pipilis, SVF Investment 3 Chairman and CEO.
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