Symbotic jumps 12% on Walmart’s advanced systems and robotics business buyout

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Advanced High Precision Robot Arms on Fully Automated PCB Assembly Line Inside Modern Electronics Factory. Electronic Devices Production Industry. Component Installation on Circuit Board

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  • A.I.-enabled robotics technology Symbotic (NASDAQ:SYM) to acquire the Advanced Systems and Robotics business from Walmart (NYSE:WMT) for a total consideration of $200M and up to $350M in additional contingent.
  • The transaction could increase Symbotic’s future backlog by more than $5B and adds
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