Symbotic to acquire advanced systems and robotics business from Walmart for $200m.

Symbotic, a company specialising in AI-enabled robotics technology for the supply chain, agreed to acquire advanced systems and robotics business from Walmart, a retail corporation that operates a chain of hypermarkets, for $200m. “This is a highly strategic transaction for Symbotic as we expand upon our long-term relationship with Walmart and broaden our product offering beyond the traditional warehouse to eCommerce settings for last mile delivery,” Rick Cohen, Symbotic Chairman and Chief Executive Officer.